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Bitcoin Forum > Economy > Economics > "First step in an effort to bring real fiscal responsibility to Washington"
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hazek
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January 24, 2013, 11:49:45 PM
 #21
Quote from: notme on January 24, 2013, 11:16:22 PM
Quote from: hazek on January 24, 2013, 11:34:34 AM
Quote from: notme on January 24, 2013, 03:41:24 AM
A benevolent dictator ..

Is a contradiction: http://www.youtube.com/watch?v=BNIgztvyU2U

Like I mentioned in the part you cut off:
Quote from: notme on January 24, 2013, 03:41:24 AM
if such a human could exist.

It's not the human it's such a system that inherently can't exist.
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January 25, 2013, 06:08:57 AM
 #22
Quote from: SgtSpike on January 24, 2013, 04:31:46 AM
Just curious where you're getting your maths from.  100% tax = ~$16T annually.  Debt = ~$16T.  Debt would be repaid in just over a year.

100% tax = everybody dies.
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January 25, 2013, 06:50:53 AM
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Step two, free cash for everyone.
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January 31, 2013, 09:35:37 PM
 #24
Mining is my incentive to not care what happens with fiat.

Yes hyperinflation and the depression that follows would suck on the micro economics perspective. But since I'm mining for a living - it would be a good thing for my personal economic outlook. I can always sell bitcoins into some other (more valuable) fiat then convert it to local fiat by more traditional means coupled with a reduction in prices for good locally... I could a real world fortune off it...

Unless of course the US economy crashing effects the global economy to the point to cause a global depression... but I think that's unlikely what with china owning most of our debt right now.

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