7 ms·

I see your point, but in this scenario how do you handle the problem of levying an accurate tax? I suppose we could rely on banks to value assets instead of the

I see your point, but in this scenario how do you handle the problem of levying an accurate tax? I suppose we could rely on banks to value assets instead of the government, but since the banks are the ones giving out the loans to pay the tax this feels a bit circular

geoka9 18d ago
Banks are actually pretty good at valuing assets. They don't want to overvalue because that's their collateral. And lowballing will make the borrower choose another bank.