Exactly one year ago, something quite terrible happened. Poloniex stole some 1800 BTC from its customers. That's old news, but as I've lost more than one BTC int the affair, I'm not ready to forget. Poloniex hasn't paid back, yet. They've added a new splash screen recently, explaining lending is high risk. This is 100% BS. Several exchanges propose lending services, to allow their users to do margin trading. It is safe, providing the exchange doesn't allow huge trades on smallish sh*tcoins, that very few people are trading. That is gross negligence. Poloniex got burned, so did I, as all the other people who had part of their funds stolen. As Poloniex hasn't paid back yet, I can only recommend newbies and all other bitcointalk users NOT TO USE Poloniex when they need an exchange. |
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We see it everywhere. To counter that coronavirus disaster, governments are spending money like there's no tomorrow. Budget's deficit will rise to new heights, never seen before except during war times. In US and EU, debts are staggering. The Federal Reserve and the European Central Bank are printing money faster that I'm writing it. If you ask what's next, I'm afraid there's only one answer.
In most countries, governments will have no other choice but to raise taxes. They will have to be smart to avoid killing the economy, but they will need to bring more money to balance their budget (or more likely to reduce their operating deficit).
As I haven't paid any income tax since 1997, that's all right with me, but I urge all fellow Bitcoiners to organize themselves, and to plan ahead to avoid the worst...
Or could I be wrong? There will be no more taxes next year?
Unfortunately, it is impossible to completely not pay taxes. You can not pay tax on real estate, car, work on informal work. But the price of products already has a tax, so alas, you still pay it. Yes, the economies of many countries will not be able to withstand such a load, and there is still no confidence in the future. In addition to raising taxes, of course. I was only talking about income tax! I pay tax each I'm buying gas, I'm paying property tax on my houses, I'm paying VAT on nearly everything... |
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As I haven't paid any income tax since 1997
As I haven't paid any income tax since 1997 You are 22-23 years old and you are unemployed, am I understand correctly? For example: - everyone in the country is getting sick - the country begins to have problems with financing the health system - the gov starts having problems with assistance to victims - the gov of the country begins to have problems with money because the gov uses money to cure everyone If you didn't pay taxes, you probably don't know where they come from. People pay taxes to the state so that the state can function on these taxes, provide people with goods and everything in this spirit. If the money runs out and they are needed - gov will print (the printer makes brrrrr) more money to help their own citizens. Citizens who feel the support of the state understand that all this is done on their taxes (they did not pay them for nothing) and they are at least a little but still morally ready for the fact that now the crisis will begin (has already begun) and they will have to tighten their belts. We print money after which we recover and start to get out of the crisis (very rough chain but you understand me). If we decide to raise taxes - then we start with the strongest and put on the shoulders of our giants some obligations to help us (in the future it will pay off) and so to the very bottom and it is not a fact that we will get to the bottom. It takes some time for us to get out of the crisis and then reduce taxes by the previous amount or even less because the time after the crisis is a time of rapid recovery and development. Question - what is wrong here and why do you not pay taxes at the age of 22-23? If you do not pay then you do not have a moral right to any public goods that everyone else has a right to. /thread Don't imagine, you have no imagination. I paid income tax in 1997 and the years prior. I'm proud to say I'm financially independent, without any need for public help. The world would be a better place if everybody was like me. |
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Things are getting a bit better, I shall try to cross 2 borders within the next few days. I just hope everything will go smoothly, because as of today I'm getting information that I won't be able to return. Very difficult times for travelers like me...
Maybe just wait? Yes, thanks for advice, I've been waiting quite a lot already, but I shall wait a bit more, as I'm getting contradictory information about a border I had plan to cross (I'm in western Europe, traveling by car). Besides, I'm still separated from my girlfriend who's in Russia. They don't let any foreigners in, and she can't visit me... Russia is sealed off due to Covid? Well, Russia doesn't accept any foreigner in, so I can't travel to meet her, while I'm in the EU which doesn't accept people from outside the Shenghen area. So we both can travel to each other's place. We've met in Latvia before, but it's closed to foreigners at this time, so there are no easy solutions... |
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Things are getting a bit better, I shall try to cross 2 borders within the next few days. I just hope everything will go smoothly, because as of today I'm getting information that I won't be able to return. Very difficult times for travelers like me...
Maybe just wait? Yes, thanks for advice, I've been waiting quite a lot already, but I shall wait a bit more, as I'm getting contradictory information about a border I had plan to cross (I'm in western Europe, traveling by car). Besides, I'm still separated from my girlfriend who's in Russia. They don't let any foreigners in, and she can't visit me... |
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It's already here, at least where I live (Spain). Property prices have dipped 20-30% in some cases, most especially those that were being rented out to tourists. And I can only forecast further dips with the rising numbers of unemployment, foreclosures and everything that is yet to come.
Good to know. Unfortunately, I don't like Spain very much, but I'm waiting for the same thing to happen in the countries I love. |
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I haven't paid any income tax since 1997, and I'm using banks all the time. You just need to avoid living in countries with high income tax. Or just visit them as a tourist if you enjoy those places. I'm using banks because I wouldn't know how to get paid without them, nor do I know how to run any kind of business without one.
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Looking at the price, this turns out to be a non-event.
Just like last time, if I remember correctly. We'll have to wait a few months to see its effects. So far, only geeks have something to talk about.
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It's all tourism related, real estate prices will only change in places where tourism is high.
It's a factor but not the main driver in the most deranged places. Look at places like Vancouver. That's Chinese money that's been driving things. It's not tourism, it may be citizenship tourism. Yes, citizenship tourism, but will this last? There used to be quite many wealthy Chinese willing to invest outside of China, this may change. I hadn't given much thought about mortgages. It's hard to imagine how many people won't be able to pay back what they should, hence leading to bank seizures. That could cause a crash in some places, but I expect politics to play a role here. I know millions have lost their jobs, but turning them into millions of homeless, would be a tragedy. I'm sure politicians are thinking about it. They could write a new law stating that people who have lost their job could get a 6 months extension of their mortgage without penalty. |
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Things are getting a bit better, I shall try to cross 2 borders within the next few days. I just hope everything will go smoothly, because as of today I'm getting information that I won't be able to return. Very difficult times for travelers like me...
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I would not talk about a crash, but of a correction, but I shall add it was much expected.
If you own a large house in the country, I don't think its value will be lowered. The big change will be in places where prices are just stupid. That's San Francisco, Vancouver or Venice. In Venice (Italy), there's only one third of the people compared to 50 years ago. Because most houses and apartments have been turned into B&B, or are on Airbnb.
It's all tourism related, real estate prices will only change in places where tourism is high.
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I'm really surprised nobody's talking about getting paid.
I guess that if you're a dishwasher at a restaurant, you may get paid in cash, but that isn't possible if you have a normal job, or run a business.
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I don't know about the flight's departure or destination, but they're certainly not making about with this.
You cannot compare the price of a regular flight with a specially ordered one.
There aren't many planes flying around these days, and none is full. We won't see cheap flights anytime soon.
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I've never seen a brothel, nor a prostitute In Greece.
Maybe I haven't been there long enough?
As a comparison, I have seen plenty of women on the streets in France, Germany, Italy, Spain or even Switzerland.
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Sure, they can issue them, but only very, very cautious investors would buy them.
I certainly wouldn't want to touch them. ROI would be ridiculous.
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You couldn't do that nowadays.
You may not be aware of it, but millions of good people have lost their jobs in the last 2 months. They can't be blamed. If you work in a restaurant, and the authorities decide that all restaurants must close, you're not making your own money anymore, and there's nothing you can do about it.
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A US Navy ship had hundreds of infected people recently. You can't be sure nobody was infected prior to climbing aboard.
Besides, a ship cannot stay indefinitely at large. You need to refuel, get fresh water and food.
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For what? What i will get if start to live bankless?
Independence. Really? How about spreading your wealth around the world? That 's a good way to become independent. I've been doing it successfully for 20 years. You're only dependent if you live your full life in the same country, with a single home and a single bank account. Travel everywhere, and you'll become independent, as banks will see you as a non-resident customer who can move without notice. |
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you havent paid tax since a long time ago ? how come its possible ? or maybe your just a small time person that doesnt have a huge house or business , etc something like that . anyway i think there will be no taxes to be payed yet or it will be lesser now that we are still in a bad condition . i think they will understand that themselves but sure they can double it soon as long as we are now on recovery and people are also going to understand it . but why suggest saving btc ? i think by using btc we are still obligated for taxes It's not that hard. I haven't paid any income tax for years. I simply conduct all business in cash and had enough profit from my Bitcoin investments to make me not worry about legal employment ever again. I'va also been employed without any legal agreements for years and have done pretty well doing it. I'm not saying that you should do it, but that's how it used to be done for centuries. When somebody wanted a job to be done they'd come to a vebal agreement with a contractor and you can guess the rest. It's today that you're forced to sign contracts and pay taxes on whatever you were paid. It doesn't mean that this is the only way to live. Lucky you! I haven't find anyone willing to pay me cash or with BTC. I'm always paid with bank wires, so I had to be imaginative to avoid tax. I pay property tax and consumption tax everywhere, that's more than enough. Governments on a diet can only get better. I hope the coronavirus will lead to a strict diet for all governments, but I know that won't happen. They'll keep on spending like crazy, and that will lead to more tax someday. |
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