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1262
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Economy / Speculation / Re: [WO] Bigblocker stupidity
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on: April 28, 2021, 05:04:54 AM
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The L1/L2 distinction is not only a Bitcoin thing; it addresses problems which are fundamental to blockchain architectures. As the market matures, developers and users will come better to recognize which transactions belong on a blockchain, and which don’t. A beneficial side effect of Bitcoin’s scaling debates is that Bitcoin is years ahead of any altcoin in L2 developments. (Notwithstanding how Ethereum has been spinning its wheels with L2 talk; it has much worse scaling problems than Bitcoin, and thus far much less to show in terms of solutions.)
The problem is that Bitcoin itself is not adequate to support the L2 systems being constructed for it. (Something explicitly acknowledged by the LN developers by the way). The problem is not that Bitcoin is inadequate to the purposes to which I would like to see it put (which might have fallen by the wayside, admitedly) but also to those you are suggesting for it. I'm not going to argue for bigger blocks right now though. I think the need is going to become ever more self evident. Indeed, the recent hashrate crash would have been largely a non-even if there was adequate capacity. "I'm not going to argue for bigger blocks right now though" argues for bigger blocks. Stop your bcash shilling!!! |
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1263
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: April 27, 2021, 10:20:32 PM
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People who make these arguments have clearly never heard of Northern Europe Let me, as a northen European debunk that. We are not socialis countries. Heavily taxed welfare states, yes, but very much capitalist states. We don't even have any minimum wages, and the unions don't want any, because it is to socialist, it means the government sets the price of work, which in turn means that everybody pays that same wage, no competition in the lower wage brackets what so ever and that in the long run means lower wages than a system without minimum wages and good competition over the wage slaves. |
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1264
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: April 27, 2021, 10:11:54 PM
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Anyone old enough to remember the Number Stations broadcasting out of Eastern Europe during the years the Berlin Wall was standing? They were used to communicate with intelligence agents, who needed nothing more than a SW radio to anonymously receive messages.
The Stations used high power short wave transmitters, the broadcast would start with a signature tune often from a worn stretched tape or a Station number ID.
Then a series of numbers would be read out by the announcer or voice synthesizer.
They were always in blocks of 5.
So 2-7-9-0-4 then 9-4-3-6-4 and so on.
Decoding could be by the use of a one-time pad or simply a book.
Where
digits 1 and 2 could be the page number.
digits 3 and 4 could be the line number
digit 5 the position of the word in that line.
The numbers then decoded to reveal the message.
The application of this for Bitcoin could be to code your wallet seed phrase in this way by choosing a book and finding those seed words in the book and converting them to 5 digit numbers.
Then writing down and storing anywhere the series of meaningless 5 digit numbers.
Without knowing from which book and the exact print edition (your key), your seed phrase is reasonably safe.
The cryptographers here will be able to punch holes in this but for good enough protection for regular folk it could work quite well.
https://upload.wikimedia.org/wikipedia/commons/9/90/Russian_Man_signoff_2013-04-23.oggAs far as I know they are still in use. |
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1265
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: April 26, 2021, 03:13:44 AM
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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. |
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1266
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: April 26, 2021, 02:54:32 AM
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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. |
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1267
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: April 26, 2021, 02:53:07 AM
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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?  Now you're just rambling. |
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1269
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: April 26, 2021, 02:09:08 AM
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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. |
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1270
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: April 25, 2021, 09:31:09 PM
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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. ____ Don't hate on vegans. They're just victims of a neurosis-based eating disorder. |
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1272
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: April 24, 2021, 10:42:39 PM
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10 friends go out every day for dinner. The bill would be SEK 1,000. The bill was divided in the same way that taxes are paid. The first four - (the poorest) pay nothing; - the 5th pays SEK 10 - the 6th pays SEK 30 - the 7th SEK 70 - the 8th SEK 120 - the 9th SEK 180 - The 10th person (the richest) pays SEK 590.
The ten friends ate dinner at the restaurant every day, happy with the deal. Until one day, when the owner of the restaurant gave them a discount. “You are such good customers. I give you SEK 200 off your dinners. ” Dinner for 10 people now costs SEK 800.
They still wanted to pay for the dinner the way taxes are paid in Sweden. The first four people were not affected. They were allowed to continue eating for free. But what would the other 6 do - those who paid? How would they divide the discount of SEK 200 so that everyone would get their share? They realized that SEK 200 divided by 6 would be SEK 33.33. But if they deducted it from each person's share, the 5th and 6th person would be paid to eat. The restaurant owner suggested that it would be fair to reduce each person's bill proportionately. He calculated the amounts each person would pay:
The result was that the 5th person also got to eat for free - the 6th had to pay SEK 20 - the 7th paid SEK 50 - the 8th SEK 90 - the 9th SEK 120 - the 10th person paid SEK 520 instead of the previous SEK 590. Everyone got a lower price than before and now the first five could eat for free. Outside the restaurant, they began to compare what they had saved. "I only earned a tenth of the discount!", The 6th person began. He pointed to the 10th person, "… but he earned 70 kroner !!!" - "Exactly, I also only saved ten", said the 5th person. "It's unfair that he got seven times as much as I did!"
"It's true!" Shouted the 7th person. “Why should he get SEK 70 back when I only got SEK 20? The rich always gets the most! ”-“ Wait a minute ”, shouted the first four,“ We got nothing! This system exploits us poor! ”
The nine people scolded the 10th and called him a cold-hearted egoist, a capitalist pig, a bloodsucker who kicks those who lie down. The next night, the 10th person didn't come to dinner. The other nine said " how nice", sat down and ate. When the bill came, they discovered something. They couldn't pay it. SEK 520 was missing.
10th friend owns all 9 houses his friend live in and collects rent from them. He has more total wealth than his other 9 friends combined. On top of that every year 10th friend amasses more and more % of over all wealth, as the other nine own less and less. So the other 9 friends get together and say remember how things were more even with the tax rate 30yrs ago? Yeah lets make sure not come back to that as current trend is totally sustainable, instead let's just blame the friend who's poorer then you. 10th friend doesn't do anything and just buys more land Plot twist, back in high school, 9 friends screwed around smoking weed all day and gave the 10th friend wedgies for always doing his homework on time. Now they are all grown up and they want to go back to how things were 30 years ago when they weren't such losers. They want to fuck around and make their hard working friend pay for it. Taking stuff away from successful people to give it to less successful people is called socialism. Just because you can beat someone up and take their money doesn't mean it's a good way to run a society. It's immoral and has never worked in any country that has tried it. It doesn't help the poor people, it just hurts the rich people. Poor people will always be poor because they don't know how to be rich or are just unmotivated. You seem to be missing my argument so let me spell it out. I'm saying that, we have a runaway unsustainable indicator, wealth distribution is flashing red, we're at historical levels we've never been before, and trend continues in the wrong direction. 1st level resposes- It's not an issue, despite the fact that overall population is more educated then ever before, poor people are just lazy druggies, lets push the pedal to the metal. Anyone proposing solution to freeze distribution disparity at current levels or god forbid attempt to bring it back in line with what it was in the 70s is a dirty red commie bastard, and better be dead than red. <-- this is the group you seem to fall into 2nd level-yes it's an issue but we still have some wiggle room and the situation is not as dire as you make it out to be. We believe in solution X and are willing to keep the current trend hostage, keep the trend going until 1% owns Y% of total wealth or our solution is adopted ...or maybe those are very narrow and short sighted categorizations that very few people fit into. The issue is more complicated. I think you know that and are just playing dumb to justify the socialist talking points. The bottom 50% of humans currently have more wealth that any other time in history. The ones with a socialist agenda are using "wealth inequality" as a rallying cry to push their agenda which will tear down what the world has achieved. They use other rallying cries such as racism, sexism, hatred, etc. The goal is the same. Tear down our current system and build a new system (socialism) where everyone is "equal in outcome" despite their individual talents or efforts. This is not a new thing. Societies have tried socialism over and over throughout history because it seems like the "fair" thing to do and it has always failed miserably. It's pure evil and you should be ashamed to be a part of it. A wildly successful economy will have some wildly successful people and that should be celebrated rather than attacked. Nobody is building citadels. Most of that wealth sits in the companies everyone works for and benefits from. The agenda you're pushing will not achieve what you think it will. The more likely outcome is collapse of the system that everyone is benefiting from. It's not your fault you think like you do. I'm sure some well intentioned people thought they were doing you a favor by teaching you what they did, but it's a deeply flawed ideology. At some point you have to start thinking for yourself instead of just regurgitating the socialist talking points without any other analysis or insight.
Ah so instead of addressing the main issue, explaining how wealth inequality trend is sustainable and won't become an issue until 0.1% of ultra wealthy will own 99.X% of overall wealth, you once again childishly try to belittle and pivot the argument into a deadlock by character association? You add no value, ignored. Have a nice day  Your argument is a straw man argument, First, the 1% is constantly changing, it's not the same few people sitting and getting increasingly richer. Most of the top percent is old folks selling all they own and moving in to a retirement home, they stay in the top for a very short time and are then replaced by new people. Secondly, it's not a problem. The fact that a few people are very wealthy doesn't mean that everybody else is poor. "The bottom 50% of humans currently have more wealth that any other time in history". Some people getting richer than others is not a problem, in fact it's the opposite, if Elon M weren't allowed to get filthy rich, there would not be any SpaceX and no coming bases on the moon and mars for example. |
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1274
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: April 24, 2021, 12:48:36 AM
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[...much snip...] But I doubt that we can have a world without government, and it seems that the more dense the population (such as in BIG cities), the more needs there are for a variety of government services. There does not seem to be enough land for each person to have self-sustainability and voluntariness without attempting to account for various public goods, whether we are talking about roads or air and water or even questions about access to property that could be classified as either public or private depending on the structure - and I question whether removing government even resolves property rights and access matters.
time to immigrate to mars. plenty of prime* land is still up for grabs. *definition of "prime" subject to change. I already have a plot on Mars, bought it from the same guy that sells plots on the moon a long time ago. https://discover.hubpages.com/education/Buying-land-on-moon |
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1275
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: April 24, 2021, 12:38:15 AM
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Taking stuff away from successful people to give it to less successful people is called socialism. Just because you can beat someone up and take their money doesn't mean it's a good way to run a society. It's immoral and has never worked in any country that has tried it. It doesn't help the poor people, it just hurts the rich people. Poor people will always be poor because they don't know how to be rich or are just unmotivated.
And what about generational wealth, you cool with putting a tax on "dead" money (when someone uber rich dies)? Or is successful a term that applies to anyone you are associated with, no matter what they did to generate that success? Sweden abolished the inheritance tax because it gave very little in tax revenue and hinders generational build up of wealth among the common people and the handing over of businesses to the next genertion, the rich could pass on their wealth anyway through clever tax planning. |
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1276
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: April 24, 2021, 12:33:55 AM
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Anyone advocating for more taxes has been watching too much MSNBC. It's not about feeling sympathy for people who have billions, it's about people thinking the government is their daddy.
Do you think billionaires are swimming around in a pool of gold coins or pallets of $100s? Nearly all of the wealth that people are complaining about is on paper. Jeff Bezos owns a bunch of Amazon shares. If you raise the capital gains tax, he'll just never sell those shares. If the capital gains tax was lowered however, he might sell those shares and invest that money in some other endeavor which could create millions of new jobs. I'm betting the guy who created Amazon is a lot smarter than anyone in the government.
Nearly all the wealth in the world is invested in companies and profits are reinvested in other companies to create more and more jobs. Taxes stifle growth. All taxes are a deterrent to economic activity.
The Government is not your baby daddy and the more money the government takes, the less economic activity, jobs etc.
That is not correct. Remove all bridges and roads in all countries. Let me know which is harder on economy no roads no bridges no canals. Or taxes that build roads bridges and canals such as the panama and the suez. The correct statement is many taxes are ill conceived and they can hurt the economy. The bridge/underwater car and train tunnel between Malmö and Copenhagen cost absolutely nothing for the taxpayers, it's all funded by loans that's paid of by a bridge toll, and that even includes a brand new artificial island. https://sv.wikipedia.org/wiki/%C3%96resundsf%C3%B6rbindelsen#Finansiering_och_%C3%A4garskapNo English text unfortunately, there's a German site though for the speakers of said language. But a nice picture I provide can.  And a train drivers view, starting with arriving at Malmö C and going underground Malmö with stop at two stations and then surfacing before entering the bridge and going on to Denmark. I sometimes like to watch train driver view films just as a relaxation and this is one of them. https://www.youtube.com/watch?v=LE_BlE4DxcAYou don't need taxes to build infrastructure. Ahh the 108€ ($130) round trip toll bridge. Minimum wage worker in USA ($7.25/hr) would have to work over 2 days full time (17.9hrs) just for the privilege to drive across it. But if they buy online they can save 8€! https://www.oresundsbron.com/en/pricesShould get one going to my house so those poor plebs don't come visiting! 'murika! That's for one trip, if you go more frequently it gets cheaper. Or you could just take the train, 12 euro/ 14 bucks That's just two hours of work, you can probably manage. And it's not like it was free before the bridge was built. The ferry wasn't exactly cheap for cars. The bridge have increased the traffic fivefold and cut the traveltime not to mention the goods that can now go by train between the countries with all the benefits to the economy that brings. And lastly, it's in my book just fair that the people who uses the bridge pay for the bridge. Why should the taxpayer collective in Denmark and Sweden pay for that? Edited. So if i take a chopper to work, have a private doctor, my gated community has private security and my kids have private tutors/fly to private schools then i shouldn't have to pay taxes that go for public roads, schools, healthcare? So you're telling me that way I can concentrate all my energy on accumulating more wealth while poorer folks have to fight for remaining resources? Wait are you sure they'd support that, no way, they'd actually vote for me to have lower tax rate than them? Ok how much do you think i'll be able to push it? What percentage of the overall wealth do you think i can accumulate before the system collapses? More importantly will the system show cracks before collapsing and how will those crack materialize? My security can probably hold back 100 pitchforks but i'd need private army if 1000s show up  The tax money that are now NOT going towards paying for the bridge can now be used for other, better purposes, it's a win win situation. |
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1277
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: April 23, 2021, 11:51:28 PM
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Anyone advocating for more taxes has been watching too much MSNBC. It's not about feeling sympathy for people who have billions, it's about people thinking the government is their daddy.
Do you think billionaires are swimming around in a pool of gold coins or pallets of $100s? Nearly all of the wealth that people are complaining about is on paper. Jeff Bezos owns a bunch of Amazon shares. If you raise the capital gains tax, he'll just never sell those shares. If the capital gains tax was lowered however, he might sell those shares and invest that money in some other endeavor which could create millions of new jobs. I'm betting the guy who created Amazon is a lot smarter than anyone in the government.
Nearly all the wealth in the world is invested in companies and profits are reinvested in other companies to create more and more jobs. Taxes stifle growth. All taxes are a deterrent to economic activity.
The Government is not your baby daddy and the more money the government takes, the less economic activity, jobs etc.
That is not correct. Remove all bridges and roads in all countries. Let me know which is harder on economy no roads no bridges no canals. Or taxes that build roads bridges and canals such as the panama and the suez. The correct statement is many taxes are ill conceived and they can hurt the economy. The bridge/underwater car and train tunnel between Malmö and Copenhagen cost absolutely nothing for the taxpayers, it's all funded by loans that's paid of by a bridge toll, and that even includes a brand new artificial island. https://sv.wikipedia.org/wiki/%C3%96resundsf%C3%B6rbindelsen#Finansiering_och_%C3%A4garskapNo English text unfortunately, there's a German site though for the speakers of said language. But a nice picture I provide can. And a train drivers view, starting with arriving at Malmö C and going underground Malmö with stop at two stations and then surfacing before entering the bridge and going on to Denmark. I sometimes like to watch train driver view films just as a relaxation and this is one of them. https://www.youtube.com/watch?v=LE_BlE4DxcAYou don't need taxes to build infrastructure. Ahh the 108€ ($130) round trip toll bridge. Minimum wage worker in USA ($7.25/hr) would have to work over 2 days full time (17.9hrs) just for the privilege to drive across it. But if they buy online they can save 8€! https://www.oresundsbron.com/en/pricesShould get one going to my house so those poor plebs don't come visiting! 'murika! That's for one trip, if you go more frequently it gets cheaper. Or you could just take the train, 12 euro/ 14 bucks That's just two hours of work, you can probably manage. And it's not like it was free before the bridge was built. The ferry wasn't exactly cheap for cars. https://www.omio.se/search-frontend/results/E8D6B39040E2E499DAD0E5494D5DB4B86/train?locale=svThe bridge have increased the traffic fivefold and cut the traveltime not to mention the goods that can now go by train between the countries with all the benefits to the economy that brings. And lastly, it's in my book just fair that the people who uses the bridge pay for the bridge. Why should the taxpayer collective in Denmark and Sweden pay for that? Edited. |
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1279
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: April 23, 2021, 11:09:00 PM
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10 friends go out every day for dinner. The bill would be SEK 1,000. The bill was divided in the same way that taxes are paid. The first four - (the poorest) pay nothing; - the 5th pays SEK 10 - the 6th pays SEK 30 - the 7th SEK 70 - the 8th SEK 120 - the 9th SEK 180 - The 10th person (the richest) pays SEK 590.
The ten friends ate dinner at the restaurant every day, happy with the deal. Until one day, when the owner of the restaurant gave them a discount. “You are such good customers. I give you SEK 200 off your dinners. ” Dinner for 10 people now costs SEK 800.
They still wanted to pay for the dinner the way taxes are paid in Sweden. The first four people were not affected. They were allowed to continue eating for free. But what would the other 6 do - those who paid? How would they divide the discount of SEK 200 so that everyone would get their share? They realized that SEK 200 divided by 6 would be SEK 33.33. But if they deducted it from each person's share, the 5th and 6th person would be paid to eat. The restaurant owner suggested that it would be fair to reduce each person's bill proportionately. He calculated the amounts each person would pay:
The result was that the 5th person also got to eat for free - the 6th had to pay SEK 20 - the 7th paid SEK 50 - the 8th SEK 90 - the 9th SEK 120 - the 10th person paid SEK 520 instead of the previous SEK 590. Everyone got a lower price than before and now the first five could eat for free. Outside the restaurant, they began to compare what they had saved. "I only earned a tenth of the discount!", The 6th person began. He pointed to the 10th person, "… but he earned 70 kroner !!!" - "Exactly, I also only saved ten", said the 5th person. "It's unfair that he got seven times as much as I did!"
"It's true!" Shouted the 7th person. “Why should he get SEK 70 back when I only got SEK 20? The rich always gets the most! ”-“ Wait a minute ”, shouted the first four,“ We got nothing! This system exploits us poor! ”
The nine people scolded the 10th and called him a cold-hearted egoist, a capitalist pig, a bloodsucker who kicks those who lie down. The next night, the 10th person didn't come to dinner. The other nine said " how nice", sat down and ate. When the bill came, they discovered something. They couldn't pay it. SEK 520 was missing.
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1280
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: April 23, 2021, 10:14:44 PM
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Anyone advocating for more taxes has been watching too much MSNBC. It's not about feeling sympathy for people who have billions, it's about people thinking the government is their daddy.
Do you think billionaires are swimming around in a pool of gold coins or pallets of $100s? Nearly all of the wealth that people are complaining about is on paper. Jeff Bezos owns a bunch of Amazon shares. If you raise the capital gains tax, he'll just never sell those shares. If the capital gains tax was lowered however, he might sell those shares and invest that money in some other endeavor which could create millions of new jobs. I'm betting the guy who created Amazon is a lot smarter than anyone in the government.
Nearly all the wealth in the world is invested in companies and profits are reinvested in other companies to create more and more jobs. Taxes stifle growth. All taxes are a deterrent to economic activity.
The Government is not your baby daddy and the more money the government takes, the less economic activity, jobs etc.
That is not correct. Remove all bridges and roads in all countries. Let me know which is harder on economy no roads no bridges no canals. Or taxes that build roads bridges and canals such as the panama and the suez. The correct statement is many taxes are ill conceived and they can hurt the economy. The bridge/underwater car and train tunnel between Malmö and Copenhagen cost absolutely nothing for the taxpayers, it's all funded by loans that's paid of by a bridge toll, and that even includes a brand new artificial island. https://sv.wikipedia.org/wiki/%C3%96resundsf%C3%B6rbindelsen#Finansiering_och_%C3%A4garskapNo English text unfortunately, there's a German site though for the speakers of said language. But a nice picture I provide can. And a train drivers view, starting with arriving at Malmö C and going underground Malmö with stop at two stations and then surfacing before entering the bridge and going on to Denmark. I sometimes like to watch train driver view films just as a relaxation and this is one of them. https://www.youtube.com/watch?v=LE_BlE4DxcAYou don't need taxes to build infrastructure. |
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