2019-08-18, 02:45 PM (ISO 8601)
Re: Building a plutocracy?
Yup that would be a stamp tax. The ruling group that uses legal force (via military, police, courts etc) to back documents (like deeds and contracts) in many cases will only back recognized documents -which are noted by stamps or seals.
Originally Posted by Max_Killjoy
But land, especially land that is held for value other than the money that can be directly extracted from its use by people with outside wealth, would have a rather low transfer velocity and thus not produce much in revenue. And finally since the holders of these franchise land plots are the source of laws in this scenario - why wouldn't they just scrap that law and thus hold on their own personal power easier?
Last edited by sktarq; 2019-08-18 at 02:55 PM.