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📖 The Economic Theory of Jager's Tax Dividends—'National Fiscal Science' in Web3
1. Analogous 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 reinvests through spending to maintain stability and development.
In Jager's token economy, a nearly identical mapping 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.
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 reinvests through spending to maintain stability and development.
In Jager's token economy, a nearly identical mapping 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.
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