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Topic: Only one currency used as legal tender in the world and #basicincome - page 2. (Read 1373 times)

legendary
Activity: 1122
Merit: 1017
ASMR El Salvador
Imagine all the world united to end poverty and decided that they would abolish all fiat currencies in the world and use a cryptocurrency as legal tender.
For that matter, such United world government would tax a small percentage of every legit transaction to pay for a Basic Income of $1000 USD per month to every citizen in the world. Everyone would be free to live where they wanted as there would be no frontiers.
Let's assume the world would have by then 8 billion people.
8 billion citizens * $12k = $96,000,000,000,000. Aproximately $100 trillion USD.

How much percent do you think transactions would have to be taxed to get such $100 trillion a year?

Note: There would still be taxes as usual. This tax would be only to pay for everyone's #basicincome
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