Pretty noble endeavor but I don't think that Cøbra needs the help right now, plus we all have our own problems right now and I think that we can't afford putting other people's plight before ours. Nonetheless, Cøbra will win this because CSW is a fake ass and the only thing that keeps this fake afloat is the money that he gets from this lawsuits.
Instructions weren't clear, will donate now. |
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I'm sure you, from all of the people, know that there's no perfect solution, and everything comes with its own tradeoffs and caveats. A tax free heaven that looks perfect on paper, can be a real shithole due to a ton of other problems. Does it really matter if you don't have to pay any income taxes, but now you have to "grease the wheels" of everyone who has a bigger gun then you do? And are a bunch of people putting a claim on all of the resources of the country is not just another form of taxation?
I voluntarily pay my Bitcoin private fees to use their service. I do not expect ETH users to pay Bitcoin fees to use their service. It's....voluntary....aint that great? I don't believe in panaceas, systems are so complex that if someone points at one gear and claims it to be the root of all evil, most likely is trying to sell you something. You must realize that not everyone is going to sit around bonfire and sing Kumbaya without gov taxes? Sure you take a publicly available unbiased decentralized open algorithm as an example, but what about regional monopolies? Or you're saying that all i'd have to do is get bigger guns and buy up roads/properties surrounding your house and then i can charge you whatever extortion fees for use? Or get together with a couple of friends to box you in or buy up local ISP/water/power plant? Of course if you don't like that you always have an option to move to another place or build your own ISP/water/power plant or get bigger guns and wrestle it away from me. Monopolies and oligopolies would be rampant a lot of people would be trying to corner the market. I think claiming that there are no downsides to any changes and everyone only stands to benefit is naïve/misleading. Did you keep count how many bribes you had to pay during your endeavors, doubt those people accepting bribes decide to start a Mars program one day to help humanity. Anyone who uses Bitcoin should understand consensus. If it is consensus to use systems such as decentralised justice systems then those will be used instead of involuntary extortion schemes. I would hope that people that by now, with Bitcoin having proven that a voluntary system is possible, that people would accept that such a system can be used for more than just money right? It's completely lazy thinking to rely on extortion to pay for things. It's time to re-think that little piece of our "civilised society". It is like defending slavery as people are just finally realising that hey, maybe this is the wrong way of getting our food...maybe we can do better. You are defending extortion...just remember that. Hope you're right, but the effectiveness of such ideas first need to be demonstrated and proven as working in real world on smaller countries/economies. Don't see it happening in US first, as in hey everyone lets just get rid of IRS and try out this idea which works on paper. |
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I'm sure you, from all of the people, know that there's no perfect solution, and everything comes with its own tradeoffs and caveats. A tax free heaven that looks perfect on paper, can be a real shithole due to a ton of other problems. Does it really matter if you don't have to pay any income taxes, but now you have to "grease the wheels" of everyone who has a bigger gun then you do? And are a bunch of people putting a claim on all of the resources of the country is not just another form of taxation?
I voluntarily pay my Bitcoin private fees to use their service. I do not expect ETH users to pay Bitcoin fees to use their service. It's....voluntary....aint that great? I don't believe in panaceas, systems are so complex that if someone points at one gear and claims it to be the root of all evil, most likely is trying to sell you something. You must realize that not everyone is going to sit around bonfire and sing Kumbaya without gov taxes? Sure you take a publicly available unbiased decentralized open algorithm as an example, but what about regional monopolies? Or you're saying that all i'd have to do is get bigger guns and buy up roads/properties surrounding your house and then i can charge you whatever extortion fees for use? Or get together with a couple of friends to box you in or buy up local ISP/water/power plant? Of course if you don't like that you always have an option to move to another place or build your own ISP/water/power plant or get bigger guns and wrestle it away from me. Monopolies and oligopolies would be rampant a lot of people would be trying to corner the market. I think claiming that there are no downsides to any changes and everyone only stands to benefit is naïve/misleading. Did you keep count how many bribes you had to pay during your endeavors, doubt those people accepting bribes decide to start a Mars program one day to help humanity. |
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...
Generated BIP39 Mnemonic 24 words.
I wish to store these words on a 2 of 3 paper backup and hide them.
It seemed a simple task.
So scouring through a book for these 24 words and assigning each a 5 digit code based on page number line number and position of word within the line. Then noting these down pencil on paper and hiding them would probably be meaningless to the finder.
I may just use the 24 words plus 1 method for extra security and commit this to pencil and paper in addition to being in my head.
Bro, dude, ... metal wallet. or engrave in stone. or something along those lines. Take a look here: https://jlopp.github.io/metal-bitcoin-storage-reviews/ Or DIY it from some stainless steel flat plate. Stamp. Etch. Up to you. I'm going to try etching.  thanks for that, I did look into steel letter sets designed for the job. Currently pencil on acid free paper. (Whereas in the past it would have been acid on blotting paper) but not any good in a fire I thought of etching copper with ferric chloride but steel has a 700F higher melting point and much harder and Ive got lots of scrap pieces lying around. Maybe weld it face side inwards to shed doors to hide content. project for a wet day. To lose bitcoin when it was $300 would have caused sickness in pit of stomach. But at current prices, the stuff of heart attacks. There are many cool options https://www.cryptocloaks.com/product/blockmitjig/https://safu.ninja/safu2/ |
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Taxes are kind of a price to pay to live in a civilized society.
If civilisation is built upon involuntary extortion...it's not really civilised is it?  List of countries without income tax: Somalia The Bahamas Saint Kitts and Nevis Turks and Caicos Saint Barthélemy Wallis and Futuna Vanuatu Bahrain The British Virgin Islands Cayman Islands Norfolk Island Pitcairn The United Arab Emirates Nauru Monaco The Maldives Oman Kuwait Qatar Bermuda Brunei Vatican City State Western Sahara I'm sure you, from all of the people, know that there's no perfect solution, and everything comes with its own tradeoffs and caveats. A tax free heaven that looks perfect on paper, can be a real shithole due to a ton of other problems. Does it really matter if you don't have to pay any income taxes, but now you have to "grease the wheels" of everyone who has a bigger gun then you do? And are a bunch of people putting a claim on all of the resources of the country is not just another form of taxation?   |
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a good chunk will use single Facebook/Venmo/Paypal/CashApp/Google/Amazon/regional tech giant channel The Bitcoin dream. 👍 Truly putting control of their money into the hands of the people. You can lead a horse to water, but you can't make it drink. Look around you, people are way too eager to sell their privacy for a tiny convenience, bitcoin is not capable of changing that mindset nor is it it's job. The last mile, so to speak, for majority would be mostly centralized, but not due to some restriction or government regulations, but simply due to human laziness. But that's fine, as long there's a free market and there are million of global "last mile providers" all competing unrestrictively that people can choose between, and there's always an option to be their own provider and run their own node should they choose to. That in itself would dramatically shift the banking system, PayPal node would not even consider restricting a single transaction if they knew all their users could easily switch to tencent/yandex/EU node instantaneously with just a simple click. |
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Do you have a citation for that?
https://lightning.network/lightning-network-paper.pdfIf all transactions using Bitcoin were conducted inside a network of
micropayment channels, to enable 7 billion people to make two channels
per year with unlimited transactions inside the channel, it would require
133 MB blocks (presuming 500 bytes per transaction and 52560 blocks per
year). Current generation desktop computers will be able to run a full node
with old blocks pruned out on 2TB of storage. ... To me this sounds like we're already just 133x away or two orders of magnitude from covering whole world wide population. So at current stage should be enough capacity to meet current needs with LN. How do other blockchains (lol) compare in regards to being able to cover whole human population? I'll just bold up a couple of parts of that myself. Again, take a gander at how LN works and see if you think only two channels will be sufficient unless massive centralization occurs. I highlighted a part too. Once the routing issues are solved, channel re balancing improves, and there are millions of interconnected LN nodes globally, i'd say 6-8/lifetime for a typical user should suffice. Naturally lowest skilled population would probably centralize to their local village node anyway, then a good chunk will use single Facebook/Venmo/Paypal/CashApp/Google/Amazon/regional tech giant channel just because big techs are giving them free stickers/smileys for selling their privacy. Repressive nations will end up tying their CBDCs into LN but will prohibit their population from using LN directly, majority will probably oblige. The point is not to force everyone on earth to buy their coffee on blockchain, but to give them an option, an alternative to current system if they wish to use it. Those who wish can open their own channel to nodes in US, Europe, Russia, South America, China, Europe and Africa and they'd already be exponentially more diversified than currently with all transaction going through either the mastercard or visa networks |
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Do you have a citation for that?
https://lightning.network/lightning-network-paper.pdfIf all transactions using Bitcoin were conducted inside a network of
micropayment channels, to enable 7 billion people to make two channels
per year with unlimited transactions inside the channel, it would require
133 MB blocks (presuming 500 bytes per transaction and 52560 blocks per
year). Current generation desktop computers will be able to run a full node
with old blocks pruned out on 2TB of storage. ... To me this sounds like we're already just 133x away or two orders of magnitude from covering whole world wide population. So at current stage should be enough capacity to meet current needs with LN. How do other blockchains (lol) compare in regards to being able to cover whole human population, say 100 transaction/human/day? |
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That not everyone you talk to are noobs. There is no reason to explain drawbacks of bigblock debate (which i was a part of) when replying to my question about why CSO of blockstream posting pictures of napkins with blockstream represented by a damn.
That's actually a picture from fairly early in the debate. I'd assume that Samsung is poking fun at the suggestion of dead bulls what with the recent price rises. Then again, Samsung hasn't always been the best communicator (no idea why Blockstream picked him as CSO) so who knows? Ahh thank you, brief, to the point and without commies. Must've missed it back then. Would've saved me a day of headache a day ago |
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damn thought i was special there for a second, but he appears to be a habitual troll, oh well he got me |
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-Accuses me of not having balls to do something (lol we in 5th grade?)✔
Deflection. I will ask outright: In your prior reply to me, what did you mean by this? Right, some of us are actually old enough to have lived through the bcash fork and have actually supported bitcoin financially and with UASF back in 2017, thus the reason we're here and not with bcash. That not everyone you talk to are noobs. There is no reason to explain drawbacks of bigblock debate (which i was a part of) when replying to my question about why CSO of blockstream posting pictures of napkins with blockstream represented by a damn.
As much as i enjoy the unexpected attention, but i got shit to do IRL.
So do I. So why are you wasting my time?  We can play the "i say one word and you tie it to socialism" (Godwin's law for socialism) game later. Ta-ta
You argue like a Commie. no No NO!! Are you paying any attention to instructions at all!? I'm supposed to say a word first and only then you start yelling that the commies are coming! YOU NEED TO LEARN TO FOLLOW BASIC INSTRUCTIONS  Instead of admitting that you had a ridiculous and disproportional reaction in attacking my post...you went full retard over my off-hand remark about socialists in an unrelated context....
Wait what? Thnx, i guess, but we're not a couple and i'm not into dudes. Got enough of this at home you know IRL if one is able to ignore the cheap attempt at drawing parallels between bigblockers and socialists (lol seriously? way to undermine your valid points there), other than that, a solid write up ...
is now considered " attacking my post" and " went full retard? ok there snowflake, perhaps someone is being a bit too emotional today?  You keep on baiting and trying to steer this conversation into discussing forms of government when all i wanted to know was WHY CSO OF BLOCKSTREAM POSTING PICTURES OF NAPKINS WITH BLOCKSTREAM REPRESENTED BY A DAMN! Your posts are not productive or constructive in any manner, now you made me miss rolling and farmer, at least they'd say something interesting. I'm sure no one here wants to read how you think i hurt your feelings. This conversation is over. |
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<snip> There is only one reasonable way to read it. It is wrong, and whoever made it should feel bad. Bigblockers suffer the same essential fallacy as UBI socialists: They don’t understand markets. Bitcoin network capacity is in extremely high demand—high enough that fees reach an equilibrium at the highest that the market will bear, and that in turn limits demand. A modest linear bump in the blocksize (= supply) would be soaked up instantly, with fees and backlog settling back to where they are now as more people try to make more transactions that are currently not even attempted. Meanwhile, that linear blocksize increase would non-linearly increase the resource demands on nodes. (And a large increase of the blocksize, à la CSW rhetoric, would just wreck the network.) Increasing base-layer capacity to, what, maybe 30–40 tps tops would be a sick joke at a cost that would surprise people. It would not solve any problems, and it would create many. We need technologies supporting tens of thousands of TPS or more; a doubling (or whatever) of the current blocksize is insufficient by orders of magnitude, too much and not enough all at once. A blocksize increase would obviously increase miners’ BTC revenue per successful block: Blocks would be just as full, and fees would be just as high, and there would be more transactions per block. But on the other hand, it would also raise miner costs by increasing the orphan rate (and/or the cost of infrastructure to try to avoid this problem); and it would damage Bitcoin’s long-term value proposition, which is bad for miners who have long-term capital investments in Bitcoin. Never forget that the blockchain with the Nakamoto Consensus is the world’s most inefficient database. That is the cost of decentralization. A trusted authority serving as the central arbiter of transaction order, à la Digicash, would be orders of magnitude more efficient and would have other advantages. It obviously has some fatal disadvantages; observe that Digicash died over two decade ago. The inefficient database is evidently a worthwhile cost to bear; evidence: Bitcoin has value! Just keep in mind that it is costly. Freedom is not free.
Oh, “llama”? I read it as “lamer”, but I am not sure. Also, I do not care. The rest of it is clear, and it is stupid. Honey badger ain’t up a tree; and the bulls don’t look very dead from where I sit!
P.S., DaRude, could we please have some more peash and luff in WO? If you criticize Marcus for posting meaty pictures, then his feelings may be hurt, and he may feel discouraged from the benevolent charitable giving of these virtual meals, and then I may literally starve to death. Do you want for me to starve!? You are just full of hate.  Right, some of us are actually old enough to have lived through the bcash fork and have actually supported bitcoin financially and with UASF back in 2017, thus the reason we're here and not with bcash. But, if one is able to ignore the cheap attempt at drawing parallels between bigblockers and socialists (lol seriously? way to undermine your valid points there), other than that, a solid write up about big blocks for noobs to read up on. Only my question was what's the reason the CSO of blockstream is tweeting this now? Or was it a joke that i missed? As far as Marcus, if you actually read what i wrote you'd realize that i never criticized his childish way of supporting his argument against vegans by posting pictures of meat (if anything such trolling undermines his argument and just clutters the board but whateves). On that topic i just stated that it might not be healthy to have a borderline religious ceremony about the food that you're consuming, and that quoting any study that claims that's something is "entirely possible" is laughable and such BS should, and will be called out by the board. If because of that he gets butthurt enough and switches to ad hominem attacks that's his problem. Sorry to say but this board doesn't care about his hurt little feelings. State your solid arguments, honeybadger doesn't care about your crying just because someone pokes holes in your arguments. - Implication of unwarranted assumptions about me, as a sort of underhanded ad hominem attack that you evidently don’t have the balls to say outright. ✔
- Knee-jerk reaction to my use of the word “socialists”. (I referred specifically to UBI, which in practice pretty much requires making money printer go brrr; and regardless of whence the money comes, the concept is to give everyone free money. Pop quiz: Due to the workings of markets, what would giving everyone free money do to prices?) ✔
- Tortuously pompous concluding paragraph which shows incisively that my sarcasm about Marcus’ hurt feelings just went over your head. Whoosh. ✔
- All that, just to ignore the valid points I made except where you criticize me for making valid points in a way that is disagreeable to you. ✔
Filed accordingly, >/dev/null.
Poor Marcus! What will all this toxicity do to his self-esteem? Could we please have a safe space here? I post a simple one liner question "Why is Samson tweeting this now? Or am i reading it wrong" -Replies and quotes my question ✔ -For some reason mentions UBI ✔ -Mentions socialists https://en.wikipedia.org/wiki/Association_fallacy✔-Writes up a decent explanation of issues with bigblocks (wasn't asked, but still a nice change of pace) ✔ -Accuses me of not having balls to do something (lol we in 5th grade?)✔ -Question left unanswered ✔ As much as i enjoy the unexpected attention, but i got shit to do IRL. We can play the "i say one word and you tie it to socialism" (Godwin's law for socialism) game later. Ta-ta &> /dev/null |
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Why is Samson tweeting this now? Or am i reading it wrong There is only one reasonable way to read it. It is wrong, and whoever made it should feel bad. Bigblockers suffer the same essential fallacy as UBI socialists: They don’t understand markets. Bitcoin network capacity is in extremely high demand—high enough that fees reach an equilibrium at the highest that the market will bear, and that in turn limits demand. A modest linear bump in the blocksize (= supply) would be soaked up instantly, with fees and backlog settling back to where they are now as more people try to make more transactions that are currently not even attempted. Meanwhile, that linear blocksize increase would non-linearly increase the resource demands on nodes. (And a large increase of the blocksize, à la CSW rhetoric, would just wreck the network.) Increasing base-layer capacity to, what, maybe 30–40 tps tops would be a sick joke at a cost that would surprise people. It would not solve any problems, and it would create many. We need technologies supporting tens of thousands of TPS or more; a doubling (or whatever) of the current blocksize is insufficient by orders of magnitude, too much and not enough all at once. A blocksize increase would obviously increase miners’ BTC revenue per successful block: Blocks would be just as full, and fees would be just as high, and there would be more transactions per block. But on the other hand, it would also raise miner costs by increasing the orphan rate (and/or the cost of infrastructure to try to avoid this problem); and it would damage Bitcoin’s long-term value proposition, which is bad for miners who have long-term capital investments in Bitcoin. Never forget that the blockchain with the Nakamoto Consensus is the world’s most inefficient database. That is the cost of decentralization. A trusted authority serving as the central arbiter of transaction order, à la Digicash, would be orders of magnitude more efficient and would have other advantages. It obviously has some fatal disadvantages; observe that Digicash died over two decade ago. The inefficient database is evidently a worthwhile cost to bear; evidence: Bitcoin has value! Just keep in mind that it is costly. Freedom is not free.
Oh, “llama”? I read it as “lamer”, but I am not sure. Also, I do not care. The rest of it is clear, and it is stupid. Honey badger ain’t up a tree; and the bulls don’t look very dead from where I sit!
P.S., DaRude, could we please have some more peash and luff in WO? If you criticize Marcus for posting meaty pictures, then his feelings may be hurt, and he may feel discouraged from the benevolent charitable giving of these virtual meals, and then I may literally starve to death. Do you want for me to starve!? You are just full of hate. Right, some of us are actually old enough to have lived through the bcash fork and have actually supported bitcoin financially and with UASF back in 2017, thus the reason we're here and not with bcash. But, if one is able to ignore the cheap attempt at drawing parallels between bigblockers and socialists (lol seriously? way to undermine your valid points there), other than that, a solid write up about big blocks for noobs to read up on. Only my question was what's the reason the CSO of blockstream is tweeting this now? Or was it a joke that i missed? As far as Marcus, if you actually read what i wrote you'd realize that i never criticized the childish way of supporting arguments against vegans by posting pictures of meat (if anything such trolling undermines the argument and just clutters the board but whateves). On that topic i just stated that it might not be healthy to have a borderline religious ceremony about the food that you're consuming, and that quoting any study that claims that's something is "entirely possible" is laughable and such BS should, and will be called out by the board. If because of that he gets butthurt enough and switches to ad hominem attacks that's his problem. Sorry to say but this board doesn't care about his hurt little feelings. State your solid arguments, honeybadger doesn't care about your crying just because someone pokes holes in your arguments. |
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Why is Samson tweeting this now? Or am i reading it wrong |
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... indeed, case closed, you're socialist, entirely possible you are also retarded by insufficient brain nutrition.  Yeah i kind of figured reading comprehension might be an issue here. I'm an omnivore that can enjoy a nice filet mignon, beef carppacio, and a steak tartare once in a while...
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Another city boy who knows sweet FA about producing beef.
Not all of us city boys are clueless about our food.  The Angus steer on the right is Murray, being held by the lad who lovingly raised him like a pet, knowing full well that he was destined for slaughter. He was reserve grand champion at the prestigious Royal Winter Fair a few years back. The guy with the glasses, second from right, is my local neighborhood butcher in downtown Toronto. He sources his meat from small, humane producers like the happy family in the rest of the picture. Happy meat is good meat. Of course it's free of artificial hormones and unnecessary antibiotics. Murray was raised on forage and silage and finished with barley. Needless to say he was harvested humanely, locally. I was lucky to get a couple of steaks from the front part of his rib section (with large spinalis dorsi muscles), plus a couple of flat irons (infraspinatus muscles). While we were enjoying him we had his picture up on the 55" display and toasted him, thanked him, and complimented him on his fine flavor and texture. He was delicious. disgusting. you meat lovers are fucking psychos. You do understand that without meat you wouldn't exist or if you would, you wouldn't be able to put together an intelligent line of words? https://time.com/4252373/meat-eating-veganism-evolution/As a new study in Nature makes clear, not only did processing and eating meat come naturally to humans, it’s entirely possible that without an early diet that included generous amounts of animal protein, we wouldn’t even have become human—at least not the modern, verbal, intelligent humans we are.  |
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On another note...
Buy a little piece of BTC on coinbase..
“Welcome to the world of crypto!” It says..
Bitch.. I have BTC transactions on this CB account from 2014!!
Welcome to the world of crypto... Mmkay..
Yeah, I’ve had a coinbase account longer than I’ve had a bitcointalk account..
I’m migrating my play coins to CB pro.. Haven’t used it since it was GDAX around 2017 iirc..
Both still have all my trade/TX histories..
Why would you support those segwit denying, blockchain bloating, bcash supporting assholes, use Gemini if you're in US.  * Mandatory coinbase user reference |
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Really? lower 50% now own more land/resources than ever before? Cause this is a bitcoin forum and surely you wouldn't try to deceive by measuring "wealth" of lower 50% in absolute 2021 US dollars now would you? Well, then why have brackets for everything else and leave 20% cap gain static for ultra wealthy, what makes it such a perfectly balanced number? Why was it fine at 35% in the 70s but now only a dirty commie would suggest bumping it to 21%? Following your logic on how filthy rich are more efficient than poor, then it'll be logical to raise taxes on poor and middle class (there's 0 chance they'll get us to Mars) and lower it for ultra rich? Then just hope really really hard that out of hundreds of billionaires that spend their money on hookers and blow and writing their names to be seen from space (as their rightfully should, it's their damn money , new idea for Bob?) the next one hopefully turns out like Musk and decides to find cure for cancer? This is just the US but the whole world is on a similar trajectory as long as we don't ruin it by some shortsighted socialist policies. https://fred.stlouisfed.org/series/WFRBLB50107Well, then why have brackets for everything else and leave 20% cap gain static for ultra wealthy, what makes it such a perfectly balanced number? Because investment money is what allows businesses to be created, expanded, and to create jobs. Jobs aren't magical things that appear on their own. More taxes on investment money means less investment. You're not going to fix any of the wealth gap by increasing taxes anyway. They will not pay the taxes. They will just reduce investment or move to a more tax friendly country. Even when the rates were high in the past, they did not collect more taxes as a percentage of income. The wealthy will just change their behavior to avoid the taxes. It's game theory. If you want to change the wealth gap for real and not as part of a socialist agenda, stop shopping at Amazon and using products or services from huge companies. We can go back to mom and pop shops and the wealth will be more evenly distributed. Again, taxation will never change "wealth inequality" short of full on socialism/communism where the companies are taken away from the owners. The US tax system is already one of the most progressive in the world so stop complaining and enjoy what your ancestors built for you. There are a surprising number of progressives / socialists here on what is a primarily a speculation forum. Its possibly what makes it a lively place for discussion. There is one good example to compare both systems. In 1953 Korea was divided. Two countries starting off at same level after the utter destruction from war. Today DPRK has GDP PPP of $1.700 whilst ROK has GDP PPP $47.000 So in the North you'd pay 30 years salary for 1BTC In the South just 1 years salary for 1BTC. Right, right, i see, so in the '70 where wealth was more evenly distributed, kids with a college degree were pretty much guaranteed a good paying job, 10yrs since NASA got us to the moon, and overall there was less civil unrest, in reality it was a North Korea because cap gain tax was at 35%? And anyone suggesting we go back to that is a dirty red commie, because ultra wealthy top 0.3% need more of our support just in case another one decides to cure cancer or something like that?  I thought you had put Rolling on ignore! As you are so easily triggered, I suggest you really do put Rolling, Arriemoller and me on ignore. Save yourself some grief. Then you can get on with discussing the topic of Bitcoin. Talking of which look ooo up 6.5k to $53581 overnight while I had a decent night's sound Hodl sleep. Mrs Farmer Bill got over excited at 47k and bought $2k worth at $48k. I am all in on both BTC and the farm, seed, fertilizer, fuel, labor all paid for. Nothing spare for more BTC. Final input is patience. Umm if you haven't noticed that was a reply to your post, you just happened to be quoting rolling yourself inside. Wasn't me who started discussing taxes on a BTC board, but guess i'm "triggered" and now need to find a safe space cause i replied to the BS stats that were being thrown around? Thnx for your suggestion, but you know  |
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A lower tax "rate" doesn't mean they paid less. The rich are paying more than their fair share, the poor are paying nothing
Wrong, again. My guess is you think federal income tax is the only tax. https://itep.org/whopays/The nationwide average effective state and local tax rate is 11.4 percent for the lowest-income 20 percent of individuals and families.
No, I think he means that a millionaire that pays X percent in tax pays a lot more in actual dollars then someone with, say, a 40 000 dollar a year income does if he pays the same percentage. Yeah he's trying to pull numbers in absolute unadjusted USD which should be a capital offense on this forum. Yes, pointing out that rich people actually pays a lot more real money in tax than poor people is just bad. 2020 Q4 top 1% own $38.61T bottom 50% own $2.49T, so top 1% own 15 times more wealth than bottom 50% https://www.federalreserve.gov/releases/z1/dataviz/dfa/distribute/table/#range:2005.4,2020.4;quarter:125;series:Net%20worth;demographic:networth;population:1,3,5,7;units:levelsThat kinda makes that statement rhetorical, outside of multi universe and quantum uncertainty, it's physically impossible for poor and middle class that own less wealth to somehow be able to pay more than ultra rich. In other news, water is liquid. So what? you seem to be of the opinion that that's bad. At this point a blind can see that this trend is not sustainable, i'm of the opinion that we have a runaway indicator. People that want to see this trend continue are the same ones that act dumbfounded when the next student/occupy wall st/BLM/etc civil unrest happens. Why are those plebs are not happy with their ever shrinking share of wealth? I tried showing those youngins (with college degrees still living with their parents because they can't afford to live on their own) rolling's statistics that shows how they're better off in absolute dollars but they just ignored me and continued to sharpen their pitchforks. I'd rather not have to live in enclaves and hire private army to protect myself from them. Even Soviets saw that and provided cheap stimulus (vodka) to control their plebs from rioting too much, to keep the trend going we can provide opioids but would need to take away their healthcare first. Edit:spelling |
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A lower tax "rate" doesn't mean they paid less. The rich are paying more than their fair share, the poor are paying nothing
Wrong, again. My guess is you think federal income tax is the only tax. https://itep.org/whopays/The nationwide average effective state and local tax rate is 11.4 percent for the lowest-income 20 percent of individuals and families.
No, I think he means that a millionaire that pays X percent in tax pays a lot more in actual dollars then someone with, say, a 40 000 dollar a year income does if he pays the same percentage. Yeah he's trying to pull numbers in absolute unadjusted USD which should be a capital offense on this forum. Yes, pointing out that rich people actually pays a lot more real money in tax than poor people is just bad. 2020 Q4 top 1% own $38.61T bottom 50% own $2.49T, so top 1% own 15 times more wealth than bottom 50% https://www.federalreserve.gov/releases/z1/dataviz/dfa/distribute/table/#range:2005.4,2020.4;quarter:125;series:Net%20worth;demographic:networth;population:1,3,5,7;units:levelsThat kinda makes that statement rhetorical, outside of multi universe and quantum uncertainty, it's physically impossible for poor and middle class that own less wealth to somehow be able to pay more than ultra rich. In other news, water is liquid. |
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