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2061  Economy / Economics / Re: George Soros and Bezos have paid almost zero taxes on: June 21, 2021, 11:46:20 PM
Quote
In 2007, Jeff Bezos, then a multibillionaire and now the world’s richest man, did not pay a penny in federal income taxes. He achieved the feat again in 2011. In 2018, Tesla founder Elon Musk, the second-richest person in the world, also paid no federal income taxes. Michael Bloomberg managed to do the same in recent years. Billionaire investor Carl Icahn did it twice. George Soros paid no federal income tax three years in a row.
It is kind of sad how far America has let itself fall. Capitalism is the best choice, but it has to work for the benefit of the whole society because huge inequality just breeds resentment and anger. Sadly instead of paying their fair share - the super rich of the world hoard it, hide it and pay people to make laws that will protect it from a wider benefit to the average person. America is one of the biggest banking privacy havens in the world after they have forced other countries like Switzerland to divulge client details for catching tax evaders. Instead of using their huge might for the good of the world they have simply bullied the money from smaller offshore banking havens into their own banks while protecting the abusers behind it all. All these billionaires should be ashamed of the wealth they are sitting on instead of helping the poorest of their country men and women.
Capitalism has its good traits as well as its bad traits and social injustice is clearly not one of the good things. America has been building its economic policy for centuries in promoting entrepreneurship, private initiative, and making money, which in the case of large fortunes does not quite align with the interests of the poorest, and we are faced with the dilemma that economic growth seems to be stimulated by lower taxes, but the poor and middle class suffer from this tax cut, when the rich, who are not at all poor, become even richer by paying little or no taxes. And a sense of shame is not the best helper in overcoming these contradictions.
2062  Economy / Economics / Re: Why don't banks work with cryptocurrency? on: June 21, 2021, 11:29:58 PM
Banks are the real financiers, they handle everything that has to do with money and their way of making money is giving it to those investors and the investors will then have to pay back the money that has been borrowed with interest. The interest on top is their profit that they are getting and it’s fixed. They don’t have to invest in Bitcoin directly, that’s totally wrong, since Bitcoin is a very risky asset which is volatile and the money these people are handling are money that belongs to people, so they shouldn’t be taking such a risk.
Banks may be happy to engage in such risky things, but the banking sector is a regulated area on the part of government agencies, so banks are not allowed to engage in such risky operations much. Another serious danger is that if large banking structures come to the cryptocurrency market, they will completely bend this market under themselves, and monopolization usually does not lead to anything good in the end, and the legendary Satoshi Nakamoto would hardly be delighted with such a prospect. Therefore, on the one hand, it seems that we would like banks to participate in working with cryptocurrencies, on the other hand, there are serious concerns about this.
2063  Economy / Economics / Re: Elon Musk really has the ability to manipulate the bitcoin market on: June 21, 2021, 11:17:48 PM
Elon musk a big name and as you can see he handles a lot of different investments, organisations, companies and those are the keys to gain popularity and trust of the people by this kind of strategy he can easily manipulate the market by making different actions recently we saw what I do to the market dump of the coins because not supporting of the bitcoin payment to their tesla at the same time we accept it again he is just trolling the market many people get affected on this. We can't do anything if we are just a small-time investors so always keep aware of the market news and other things so to prevent losing for an unexpected dumps.
The fact that Elon already prove something in business and in economy will determine how many people will believe and trust in him. Whatever his way in investing will depend on him. Lucky those who are able to ride at the time his tweets reach many supporters that join crypto, can't deny we're able to earn from it. He is a business man and Trading his investment is his choice. The dump may effected because of him but for sure it's not the end for the market with or without him, adoption will happen soon.
It's just that Elon Musk, with his rash tweets (and perhaps very deliberate tweets), is causing a lot of chaos in the market, and it's even surprising that state financial regulators turn a blind eye to such things, because when Musk did this with the news about Tesla, the regulator reacted harshly to it. This can only be explained by the fact that the market is relatively young and the regulator has not yet developed a response mechanism. It is clear that the position of such an influential person resonates and arouses great interest among many small investors, but often there is a strong impression that Musk deliberately manipulates the market, which is punishable in traditional markets.
2064  Economy / Gambling discussion / Re: La Liga (Spanish League) Prediction Thread 2020/21 on: June 21, 2021, 11:07:20 PM
To be able to hold Messi, Barcelona must sell some of its players or there must be more loans (to other clubs) so that Barcelona's expenses can be reduced.
While there are players who come and there are also players who leave on loan or are sold and that is expected to balance Barcelona's balance. I know they have financial problem and that is known to many people but they are still progressing as one of the big clubs in Spain. Messi is still needed at Barcelona, ​​I'm sure he will stay there for a few more season although almost every season we keep hearing rumor about his contract.
On the one hand, it seems to have been reported that Messi has already agreed on the details of his new contract, agreeing to pay 53 million less than under the previous contract and will remain at the club until 2023, after which he will move to David Beckham's club Inter Miami. On the other hand, the head of La Liga, Javier Tebas, said that the league will not change its rules for the sake of Barcelona and said that the club should cut the salaries of other players and try to sell someone, citing as an example Real Madrid, which took a big step in this direction by cutting costs. In any case, these problems are solved and all interested parties are busy solving problems and the Argentine player will probably stay for another two seasons.
2065  Economy / Gambling discussion / Re: Motosport General discussion tread --- Formula1, MotoGP, WTCC, ETCC, DTM..... on: June 21, 2021, 10:45:28 PM
This type of thing makes us realize how much money means in F1, if ferrari could have both spent for this year plus spent for next year they could have finished third behind Mercedes and Red Bull, if they stop now that means there is a chance McLaren could take an easy lead and become the third (which they are already with nearly 16 point difference) at the end of the season, all because Ferrari do not have enough money.
However this could also mean that if they do this, and improve their car for next year, and actually manage to do that (and not fail again) that means there is a good chance they could win some races next year and have a clear third place, because we all know Mercedes and Red Bull is not stopping for the year and that means Ferrari will have an advantage. This is a risk they are taking, "maybe" be third this year, or once again "maybe" be third next year depending on if they can actually improve or not.
This decision by Ferrari to halt progress on upgrading its car this year is unfortunate, because Leclair's pole position raised some hopes that Ferrari could make some competition with Mercedes and Red Bull as early as this season. It is clear that participation in Formula 1 is not a cheap pleasure, but before that, the parent concern always found the opportunity to find the necessary funds at the level of top teams. However, the absolute majority of teams are looking forward to changes in the technical regulations for the next year, and perhaps such a decision will really make a qualitative leap for the next season.
2066  Economy / Gambling discussion / Re: Football Transfers Speculation, Odds and Predictions on: June 21, 2021, 10:28:20 PM
I believe the reason why Spurs would decline this is the fact that there are talks about Haaland getting a 150 million offer, it is not official yet but that is the talk, Chelsea may end up offering that officially and if Haaland worths 150 million then Kane worths AT LEAST that much as well, dude has been ripping Premier League apart for nearly a decade by now, so it is really unfair to him to offer so much lower than what Haaland is getting. I get it, Haaland is younger, and "maybe" he is a better player as well, we need to first wait and see, but in a world where he gets that much its normal for Spurs to ask for more.
It is not about keeping Kane at this point, we all know Kane will want out and Spurs will be forced to sell him, it is all about the money at this point, 100 plus players could change some stuff but which players? That is an important question.
Everything will be decided after the European Championship and probably will be decided already in this transfer window, especially since Josep Guardiola himself announced that the transfer of Kane is the main transfer goal of the club for this summer. Not the fact that the transfer amount will be 150 million, as well as the fact that there will be a clear orientation on the transfer amount of Haaland, especially since Haaland himself may end up at City, but it seems that the proposed Manchester City 100 million is not the final amount and can be revised upwards plus someone can be included in the deal, for example, they say that it could be Raheem Sterling. It is clear that Tottenham want to keep the club's leader, but judging by the rumors, Kane has probably already made a decision about moving to another club.
2067  Economy / Economics / Re: Money and happiness. on: June 20, 2021, 11:57:04 PM
i agree if happiness relate with how much money people have, but it cant apply by all people. there are many richman, but still get angry easily, and vice versa.
you know if simplicity make people happier, make people be grateful of life. and many of them try to help other people with its simplicity, to proof that happiness can landed easily like take a breath.
Money is like fuel that can power an engine that can help fulfill your desires and ultimately bring you happiness. But the concept of happiness is quite ephemeral and does not lend itself to strict accounting or measurement and is strictly individual for each person. History knows many cases when people gave up their jobs and careers or got rid of wealth and money because it did not bring them moral satisfaction and a sense of happiness. Happiness can bring a lot of things and the absolute majority of them are not directly related to money, so do not substitute the concepts of money and happiness.
2068  Economy / Economics / Re: Amateur Traders Cause Bubbles on: June 20, 2021, 11:45:50 PM
What a load of rubbish.
It's as if they haven't seen the state of the real estate market and how that is the biggest bubble out of anything over the last couple of decades, almost solely driven by institutional investors and developers.
This is a blatant attack on retail investors and their ability to make decisions. The best retail investors are just as capable (if not more so) than biased Wall Street analysts that recommend stocks/funds for their own gain.
You correctly said that it is the best retail investors who have good abilities, but unfortunately we cannot say this about all amateur traders simply because the absolute majority of them lack knowledge and experience and are prone to making impulsive decisions that are not always justified by the logic of the market. However, the same can be said about any sector of the market. Bubbles can form in different areas of the market and lead to the same results, but the reasons why this happened may be different, but you should not put market professionals and amateur traders in one pile because of this.
2069  Economy / Economics / Re: Why don't banks work with cryptocurrency? on: June 20, 2021, 11:23:44 PM
Banks do not want to deal with cryptocurrency because of its unique features. There is a big difference between conventional currency and cryptocurrency. Banks use conventional currencies in various ways to meet their own and the government's various needs and print additional currencies if necessary. Cryptocurrency, on the other hand, is a decentralized currency and cannot be fully controlled by banks or the government. Moreover, since cryptocurrency is not known as the currency of a particular country, the government or banks of each country do not consider it appropriate to use it as it is not their own currency. So for all these reasons banks do not want to work with cryptocurrency.
The main reason that banks do not work with cryptocurrencies is the position of government agencies that do not allow banks to fully engage in such activities. Banks in their activities are guided by the rules and instructions that are established by the financial regulator and in this area in different states the situation is different, from a complete ban on such activities in some states, to a cool and skeptical attitude in other states with rare exceptions. Even where it is not explicitly prohibited, there is no necessary regulatory framework for the activity, which for most banks is almost equivalent to a ban.
2070  Economy / Economics / Re: Is money the root of all evil as the poor to thinks? on: June 20, 2021, 11:10:26 PM
Secondly do you really think that people would turn to crime if they were paid decently? All the criminals in the world do it because they lack funds, if you give people basic income so that they do not starve or become homeless, they will not turn to crime and you will drop the crime rate. Plus all the criminals in the world could combine their whole wealth together (from huge mafia boss' to small scammers) and it wouldn't even get close to what Banks steal from public every day.
The idea of a basic income is undoubtedly a great idea that will help smooth out the social contradictions that exist in human society. Another question is that the introduction of a basic income will require changes in the economic structure, the psychology of people, and public administration. Local failures in this direction, when some countries first introduce and then abandon the concept of basic income, shows that human society is not yet fully ready to implement this concept. However, mass robotization in the economy will still lead to the introduction of basic income.
2071  Economy / Gambling discussion / Re: Motosport General discussion tread --- Formula1, MotoGP, WTCC, ETCC, DTM..... on: June 20, 2021, 10:53:03 PM
Mercedes lost the race by themself when they called Bottas to box for undercutting Verstappen, doing so Verstappen went to the box and he undercut Hamilton.
From there they lost the race with the second box anticipated from Redbull and the impossibility of undercutting Verstappen again.
What a dumb mistake, Hamilton got tires left and they lost the race to him.
Yes. They were over-confident, they thought they could get both cars ahead of Verstappen, and ended up with both behind him. They are starting to make a habit of tactical mistakes recently, which is quite unlike them. Probably shows the pressure they are under. We should also remember Perez's position, which stopped Hamilton doing a second stop as he'd have come out behind him.
Mercedes has started to make mistakes with tactics too often in recent years, and if earlier such mistakes could be compensated for by the technical superiority of the car itself, now you should not count on this, because Red Bull is already better in some aspects and Hamilton himself admits it. However, given the qualifications of the Mercedes engineers, I think that the technical shortcomings will be eliminated and we will expect a hot fight not only for the title of champion, but also a serious battle in the Constructors ' Cup, where Red Bull is also in the first place.
2072  Economy / Gambling discussion / Re: Premier League Prediction Thread 2020/2021 on: June 20, 2021, 10:29:26 PM
It is not easy to convince dortmund right now, they could just wait one more season and get all the teams financially ready to battle for him, they are not in a rush to sell him right now. Is 150 million a good number to sell Haaland? Definitely a great number but next season when all teams are out of this seasons financial trouble, could he worth even more? He could, that is one more season of Haaland on your team and maybe 50+ more million in your bank as well, that is really not something you could just ignore.
Chelsea can't get mbappe I agree with that, Real Madrid is pushing hard for him and whatever the price is if PSG is willing to sell then Real Madrid will be willing to buy him, of course not for 500 million or some stupid number but I think they are ready to pay 200 million or so for him, but Haaland is not wanted by any other team then Chelsea right now.
Most likely, Real Madrid will really make the main bid to get Mbappe, and then it is unlikely that it will simultaneously claim Haaland. It is not necessary that Haaland will be in Chelsea, because it seems that Pep Guardiola's Manchester City also had their own views on the player, especially since the soap opera with the alleged departure of Messi is already ending and the Argentine player seems to have decided to stay in Barcelona. So I would leave City as one of the main contenders for the player, although Chelsea is also a serious contender.
2073  Economy / Gambling discussion / Re: Football Transfers Speculation, Odds and Predictions on: June 20, 2021, 10:15:27 PM
To be honest, it is a bad idea if Man United lets one of them leaves. Those two goalkeepers are very skillful, especially Henderson that can have a bright future. Man United just needs to manage those goalkeepers to have enough time to play every season. De Gea is the main goalkeeper, while Henderson as the substitution. I think these two players are enough, no need for other goalkeepers.
You must understand that it's difficult to keep two world class players who play in the same position happy, cause they both want to be the starter and no one will want the position of a makeshift, I know that way it helps the both of them to work hard for their place in the starting eleven, but even at that, one must start ahead of the other, and one must get more playing time ahead of the other.
If one of the two goalkeepers is to go, I think it's much better if De Gea leaves, there have always been transfer rumors regarding him leaving United for a very long time now, Dean is younger and could be the perfect goalkeeper the club needs; and then, if it's possible to keep the both of them happy, then it's a big plus to United.
De Gea was very unlucky at the time, when Manchester United and Real Madrid did not have time to agree a deal and de Gea remained in Manchester, losing a good chance to win the Champions League, and the goalkeeper's style of play was perfectly suited for the Spanish championship. And now it turns out that de Gea is no longer the main goalkeeper in the Spanish national team. Undoubtedly, the position of the goalkeeper is quite specific for football in purely psychological terms and any high-class goalkeeper wants to be the first number in the team and any other development of the situation can have a bad effect on the level of the game. Therefore, the competition is competition, but the main goalkeeper should be only one.
2074  Economy / Gambling discussion / Re: ⚽UEFA EURO 2020 Discussion Thread | Current Phase: Finals in June 2021! on: June 20, 2021, 10:03:31 PM
Italy - damn, how good they are! 3 solid wins, 0 goals conceded and 30 games without defeats in all tournaments. They are hottest team in this Euro!
Italy was my pick to win the Euro this year, and till now they're showing the spirit of a champion, the odds of Italy to win the championship was @11 before the start of the tournament, really high considering how good they were in their last matches, and they're doing really well, i hope fatigue won't get them in the next rounds and they keep doing what they're doing right now.
Wales are undoubtedly lucky that Italy have already solved the problem of getting out of the group and Mancini has allowed his other players to play, so maybe the score is not big Wink Italy drew conclusions from the failure to qualify for the last World Cup and shows a great game and is one of the contenders for getting to the final, but do not rush too much with the forecasts, because now the group stage has just ended, and the most important matches will begin on the playoff series, when there is no room for error and completely different teams can come to the fore, who are gradually gaining form over the course of the tournament.
2075  Economy / Gambling discussion / Re: La Liga (Spanish League) Prediction Thread 2020/21 on: June 20, 2021, 09:15:59 PM
I still think that Luis Suarez is a serious loss for Barcelona. Aguero is injured too often and Suarez is super fit, a great team player and still absolutely top notch when it comes to scoring even from bad positions. Yes Aguero can score like hell as well but how does an injured Aguero help you in the end? Irony that Suarez was the best scorer for the Spanish champion this year. Messi even intervened and wanted to prevent Suarez from being transferred. He was obviously right but the manager thought otherwise.
It was just that the club's management had to sacrifice something and make changes in the squad without affecting Messi and at that point in time it seemed that Suarez was not the most necessary option for Barcelona. But the way it was done raises a lot of questions, causing dissatisfaction not only with Suarez himself, but also with Messi, given the friendly relations that have developed between the players themselves. We all remember very well how it ended, when Suarez made every effort at the new club to prove the wrong decision of the Barcelona management and the resentment of Messi himself at the actions of his native club.
2076  Economy / Economics / Re: Aren't we the reason why BTC is becoming too much centralized? on: June 19, 2021, 11:47:15 PM
~snip~
However, since most of us want instant return, and it's possible in crypto, newbies are just too attracted to that reality, making them invest in a bull market, or at a peak instead of waiting for the price to dip before they'll invest.
^ This is true because most of the newcomers in BTC investment are looking for this, they want an instant profit and all they had to want is to earn in a short period of time. Just like invested now and gain profit in the next day, that is not how BTC investment work, you should need to wait for a perfect time for that. However, regarding the punic sell, most again are those newcomers, they are very prone to this because we know that all of their concerns are profit in a short term.
On the one hand, it is easy, on the other hand, it is difficult to accuse newcomers that they want a quick and easy profit, because every investor would like a quick and easy profit. Another question is that the accumulated experience teaches that such a thing is rarely available and it is experience that allows you to avoid large losses from unsuccessful investments. But do not blame everything only for beginners, because panic sales are inherent in all markets with high risk, and the cryptocurrency market is included in this category, and if at first everything starts with profit-taking, then all this can end with sales in an effort to save at least part of the investment.
2077  Economy / Economics / Re: Is Covid-19 carrying the growth in digital currencies? on: June 19, 2021, 11:33:24 PM
when there is a price spike, many people know bitcoin through the mass media, so they seem interested in learning cryptocurrencies. Moreover, there are many people with stories that get rich suddenly due to the pump. but we can see after the price crashes, currently tends to range. hopefully bitcoin will continue its positive trend again
One thing does not automatically follow from the other, and a high rise in the price of course attracts the interest of more people, but this does not mean that all of them will start to study cryptocurrencies en masse, because the information occasion comes to naught, just as the mass interest comes to naught. The worst thing about the arrival of neophytes during a surge in price growth is that they come and buy at the maximum, then lose when the price is corrected. Therefore, among such people, there may be a lot of people who are disappointed in cryptocurrencies, who will make anti-advertising to cryptocurrencies among their friends and acquaintances.
2078  Economy / Gambling discussion / Re: Football Transfers Speculation, Odds and Predictions on: June 19, 2021, 11:14:48 PM
Transfer rumours:
Tottenham and England striker Harry Kane, 27, has made it clear to his representatives that he would be willing to be reunited with former Spurs boss Mauricio Pochettino at Paris St-Germain. Does that mean Harry Kane is really leaving Tottenham or is a new football soap opera waiting for us?
PSG are to make renewed attempts to sign Manchester United and France midfielder Paul Pogba. There is already so much talk and speculation about Pogba every year that it is already very difficult to say how that story will end.
Sergio Ramos is a target for Manchester United, PSG and Sevilla after the Spain centre-back, 35, left Real Madrid. Where Ramos will eventually go?
Real Madrid and France defender Raphael Varane, 28, has yet to decide on his future, amid links to Manchester United and Chelsea. It seems that Varane is really leaving Real.

Source: https://www.bbc.com/sport/57530574

I think that Harry Kane will leave Tottenham now, but it is not a fact that it is in Paris Saint-Germain. On the one hand, Tottenham are unlikely to be eager to strengthen their rivals from England, so a move to PSG seems to fit into this idea, but on the other hand, much depends on the wishes of the player himself. It is also thought that Pogba's departure from Manchester United is inevitable, given the wishes of the player himself and the attitude towards the player from the fans of the MU. Sergio Ramos also decides where to continue his career and the only thing that is most likely is that it is unlikely that all these players will end up in Paris Saint-Germain Wink
2079  Economy / Gambling discussion / Re: Motosport General discussion tread --- Formula1, MotoGP, WTCC, ETCC, DTM..... on: June 19, 2021, 11:01:01 PM
It will be a very interesting race tomorrow in F1 with Max Verstappen starting in Pole Position and right behind him there is Hamilton and Bottas in second and third but also 4th his team mate which usually these last races has been a big help to him.It is somewhat more difficult to see a lot of overtakes in this track so it will be good to see who will come out on P1 after the first turn as it will give him a lot of chances to win the race.
Surprisingly, Ferrari were not able to take pole again Grin Red Bull has a very fast car this year and is faster than Mercedes and Hamilton is already beginning to recognize this, so it will be very interesting to see the race itself and how the cars will behave in the combat conditions of the race, and not in the hothouse conditions of qualifying. The main news is that Bottas will also start among the leaders, despite the increased rumors about his future move to Alfa Romeo. Also interesting news is that Carlos Sainz is a serious competitor to Charles Leclair in Ferrari and beat him in qualifying. Tsunoda continues to test Helmut Marko's not-so-persistent patience.
2080  Economy / Gambling discussion / Re: ⚽UEFA EURO 2020 Discussion Thread | Current Phase: Finals in June 2021! on: June 19, 2021, 10:37:11 PM
So far Spain results raise some question about Enrique squad selection.
Personally, I am happy with how poorly Spain are performing. I just hope they get knocked out early in the group stages  Grin
How Luis Enrique left out some players who are very influential, legendary and natural team leaders Like Sergio Ramos is beyond my understanding
Maybe next time he will learn to use his brain when selecting players and not emotions.
I wonder what words would have been heard in the address of the Spanish national team if Gerard Moreno still scored his penalty or Alvaro Morata would have hit the goal when finishing off? Grin I agree that not calling Luis Enrique to the Spanish national team Sergio Ramos is not the right thing to do, given the always exorbitant attitude to the fight and the authority in the team of Ramos. All these exorbitant numbers of possession during the match can be smashed to smithereens by successful counterattacks of the opponent and the Spanish national team does not yet give the impression of a team that can constantly transform this possession into goals and victories.
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