Proposal to Increase the Burn Tax

[godoal]

DYOR - Hint: The question to ask is:
Did the reduction of the tax bracket from 1.2% to 0.2% bring the advertised results?

Then you will know if it’s a burntax bubble or simply people doing their own research…

Original 0.2% tax reference posts:

Lower the tax rate to encourage higher on-chain volume

Summary Lower the tax rate to encourage higher on-chain volume. Motivation Historically, on-chain transaction volume on Terra Classic was the highest when 0 taxes were in effect (2.65b UST, 1/27/22) [1][2]. On-chain volume has decreased by -88.61% from the week prior: 198.02m LUNC to 22.56m LUNC. [3] By decreasing the tax rate, CEXs and other off-chain holders may be encouraged to return on-chain to enact trading, sustaining the cost for validators to run the chain. Proposal We are not burn…

Lower the tax rate to 0.2% and set aside 10% of tax revenue to finance ecosystem infrastructure and contributors

Proposer : Akujiro (@Akujiro2) Author: Duncan Day (@wrapped_dday) Declarative Biases The proposer, Akujiro, owns staked LUNC. The author, Duncan, does not own LUNC or USTC, but manages an account for a firm, primarily in staked LUNC and LUNC liquid-staking derivatives (LSDs), and also is on probation for a Business Analysis position at Terra Rebels. Notes The author works with the proposer to develop a cohesive rhetoric for governance voting. There may be nuances in their individual opinion…