Thanks you, Apostolis. That is a relief. I hate to feel like the only guy in the room who doesn't get the idea.<br><br>Richard<br><br>Date: Thu, 28 Jun 2012 21:04:14 +0300<br>
From: Apostolis Xekoukoulotakis <<a href="mailto:xekoukou@gmail.com">xekoukou@gmail.com</a>><br>
Subject: Re: [P2P-F] Freicoin - Bitcoin with Demurage (Kevin Flanagan)<br>
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*I wholeheartedly agree with you Richard.<br>
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*<br>
2012/6/28 Poor Richard <<a href="mailto:poor.ricardo@gmail.com">poor.ricardo@gmail.com</a>><br>
<br>
> What do I not understand about demurage--how is not equivalent to a flat<br>
> tax except that it doesn't go to the public treasury where it might do some<br>
> good? Doesn't it discourage workers from saving at the same time it<br>
> discourages the rich from hoarding? Doesn't inflation already cause US<br>
> dollars to gradually evaporate? I don't see how demurage helps redistribute<br>
> wealth downward like a progressive tax does.<br>
><br>
> I don't get it.<br>
><br>
> Richard