Why would I hold Canadian dollar or Pesos if their inflation target is 2% versus say the Swiss 1%?
No. No it wouldn’t.
Because ultimately you (assuming you’re in the US), have to pay your taxes in USD. People say that fiat currencies aren’t backed by anything, but that isn’t true. They’re backed by the fact that every single US citizen and resident has to gather up thousands of dollars every year and pay them to the government. Even if you could convince your employer to pay you in Euros, the IRS will still demand you pay whatever taxes you would owe if you were paid in an equivalent amount of dollars.
Because ultimately you (assuming you’re in the US), have to pay your taxes in USD. People say that fiat currencies aren’t backed by anything, but that isn’t true. They’re backed by the fact that every single US citizen and resident has to gather up thousands of dollars every year and pay them to the government. Even if you could convince your employer to pay you in Euros, the IRS will still demand you pay whatever taxes you would owe if you were paid in an equivalent amount of dollars.