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Published November 17, 2019 | Version v2
Journal article Open

Computationally inexpensive taxation mechanism, taxes money supply every second

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Description

In this taxation mechanism, "the government" (ideally a dApp coordinating wealth redistribution autonomously) dictates how much of the total money supply it wants, and, taxes are enforced on accounts the next time those accounts are accessed, in a way that is pre-determined and cannot be avoided. The process can be repeated indefinitely, and is still balanced in terms of order of events while minimizing computational overhead.

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Computationally inexpensive taxation mechanism, taxes money supply every second.pdf