# Why no votes on #1861 Tax+Burn? **URL:** \ **Category:** Governance & Proposals\ **Created:** [May 22, 2022, 12:49pm UTC](https://classic-agora.terra.money/t/why-no-votes-on-1861-tax-burn/36725 "2022-05-22T12:49:47Z")\ **Posts on this page:** 5\ **Page:** 1
**Author:** ![normium](https://avatars.discourse-cdn.com/v4/letter/n/94ad74/32.png) [@normium](https://classic-agora.terra.money/u/normium)\ **Post date:** [May 22, 2022, 12:49pm UTC](https://classic-agora.terra.money/t/why-no-votes-on-1861-tax-burn/36725/1 "2022-05-22T12:49:47Z")
> **[Terra Station](https://station.terra.money/proposal/1861)** > > Terra Station is a web application to interact with Terra Core. > **[Terra (LUNA) Blockchain Explorer by Staking Fund](https://stake.id/#/proposal/1861)** > > Stake ID helps you search and explore the Terra network for addresses, blocks, transactions, validators and key statistics. We’re proposing a TAX & BURN mechanism to be added to the current LUNA. 3% TAX on all transactions of which the breakdown is 2% Burnt + 1% stored in treasury to hold as collateral for UST. In addition to this we propose removing the link between UST and current LUNA + Remove minting ability on current LUNA. The above proposal will ensure original LUNA can reduce its supply efficiently and help bring back UST in a collateralized form backed 1-1 with LUNA ---
**Author:** ![Tiago\_Bimmer](https://sea2.discourse-cdn.com/terra/user_avatar/classic-agora.terra.money/tiago_bimmer/32/7428_2.png) [@Tiago\_Bimmer](https://classic-agora.terra.money/u/Tiago_Bimmer)\ **Post date:** [May 22, 2022, 12:53pm UTC](https://classic-agora.terra.money/t/why-no-votes-on-1861-tax-burn/36725/2 "2022-05-22T12:53:00Z")
Taxes won’t work while there are vultures and cockroaches holding millions and billions of Luna. Plus you can’t tax CEX. ---
**Author:** ![normium](https://avatars.discourse-cdn.com/v4/letter/n/94ad74/32.png) [@normium](https://classic-agora.terra.money/u/normium)\ **Post date:** [May 22, 2022, 5:22pm UTC](https://classic-agora.terra.money/t/why-no-votes-on-1861-tax-burn/36725/3 "2022-05-22T17:22:34Z")
Going some way towards an end goal, is perhaps better than not moving at all. ---
**Author:** ![HOPLITA](https://avatars.discourse-cdn.com/v4/letter/h/e495f1/32.png) [@HOPLITA](https://classic-agora.terra.money/u/HOPLITA)\ **Post date:** [May 22, 2022, 5:24pm UTC](https://classic-agora.terra.money/t/why-no-votes-on-1861-tax-burn/36725/4 "2022-05-22T17:24:33Z")
Mafia ---
**Author:** ![frosty](https://avatars.discourse-cdn.com/v4/letter/f/f475e1/32.png) [@frosty](https://classic-agora.terra.money/u/frosty)\ **Post date:** [May 22, 2022, 7:44pm UTC](https://classic-agora.terra.money/t/why-no-votes-on-1861-tax-burn/36725/5 "2022-05-22T19:44:53Z")
as Do Kwon said in Twitter response to burn proposal: If u set the tax cap to 0.1 it limits the total tax paid in any txn to 0.1 sdr (14 cents) Also you need to formulate a paramchangeproposal not a textproposal