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It's not like money is created in the paycheck, and destroyed when you spend it. You can't put a checkmark on a $20 bill, and only tax the first time it changes hands.
The closest thing to taxing "money" instead of transactions is the property tax, and I somehow doubt that much enthusiasm could be drummed up for moving from an income (ie transaction) tax to a total holdings ( cash, funds, and assets ) property tax.
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|...............| We live in the nick of times.
| Len 17, Wid 3 |
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