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J. Bradley Jansen “The Carry Tax Proposal” Austrian Scholars ConferenceMises Institute March 14, 2009
What Is A Currency Carry Tax?
A carry tax is a penalty for anyone who prefersto hold money instead of depositing it in abank. The longer money is held, the greaterthe tax burden.
In order to impose such a tax, a form of datacollection device must be attached tocurrency.
Implementation Of Carry Tax
Tax on holdings of reserves at banks and otherfinancial institutions
Tax directly on currency notes including thoseheld by individuals
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