๐ Economic Theory of Jager Tax Dividends - 'National Finance' in Web3
1. Analogy framework of the economy.
In traditional economics, the operational logic of a country can be simplified as:
GDP (Gross Domestic Product): total output/total income of society.
Tax revenue: the state extracts a portion from economic activities for redistribution.
Fiscal expenditure: the state sustains stability and development through expenditures that benefit society.
In Jager's token economy, almost identical mappings can be found:
National Economics Jager Economy
Explanation
GDP: on-chain transaction volume / total transaction fees, total economic activity of the system.
Tax revenue: transaction fees, the 'transaction tax' levied on traders.