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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25439420 times)
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April 25, 2021, 07:09:30 AM

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.


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 Angry, new idea for Bob?) the next one hopefully turns out like Musk and decides to find cure for cancer?
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DaRude
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April 25, 2021, 07:18:50 AM

Protip:  Range-grazed meat tastes better.  All of the freedom and happiness that the meat enjoyed whilst alive makes it juicier and more delicious.

the most unsustainable type of meat

Just need to make sure that it suffers at the end, the tears will help it tenderize
nullius
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April 25, 2021, 07:25:31 AM

Protip:  Range-grazed meat tastes better.  All of the freedom and happiness that the meat enjoyed whilst alive makes it juicier and more delicious.

The most unsustainable type of meat.

My, how convenient this is for BigCorp agribiz.  You believe that the type of meat best produced by small, independent farmers on land that they own (and presumably care about) is “the most unsustainable”.

By close analogy, this reminds me of the time that I saw an advertisement proudly touting “corn-fed beef”, as if that were a good thing for anyone other than the large corporations that control the corn markets, and their pesticide providers, and the stockholders thereof, and their bankers.

Next, you’ll be telling me that rising sea levels will make Earth uninhabitable by the year 2000.  You are obviously not old enough to remember that, and most people anyway forget each week what they read the last week; but I have a long memory...  Anyway, enjoy believing whatever garbage you have loaded into a brain that is operating suboptimally due to your vegan diet.


Protip:  Range-grazed meat tastes better.  All of the freedom and happiness that the meat enjoyed whilst alive makes it juicier and more delicious.

the most unsustainable type of meat

Just need to make sure that it suffers at the end, the tears will help it tenderize

I know you’re joking; but for the record, I advocate humane slaughter.

Stress at the end ruins the juicy taste of freedom and happiness in the meat.
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April 25, 2021, 09:01:16 AM
Merited by JayJuanGee (1)

After many years of bitcoin I can say I reach some sort of enlightenment.
I don't care what happens, really.
I own Bitcoin. FULL STOP
I leave the rest to others (trading, investing, being scammed etc.).
Remember, you OWN bitcoin. You have skin in the game. Don't get fooled by price swings.
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April 25, 2021, 09:10:47 AM

My, how convenient this is for BigCorp agribiz.  You believe that the type of meat best produced by small, independent farmers on land that they own (and presumably care about) is “the most unsustainable”.
Not really convenient for them, I believe all meat is unsustainable and unethical, local farms just happen to be smaller business and as a fundamental law of economics, they cannot scale as how larger corporations can. But even with all the scaling its still incredibly unsustainable and by the nature of efficiency it is much crueler, which is why I dont eat any animal products

By close analogy, this reminds me of the time that I saw an advertisement proudly touting “corn-fed beef”, as if that were a good thing for anyone other than the large corporations that control the corn markets, and their pesticide providers, and the stockholders thereof, and their bankers.
Cows are already fed corn amongst other feed pretty sure, this is just marketing BS to put on a higher price tag on the crap product they are already selling

Next, you’ll be telling me that rising sea levels will make Earth uninhabitable by the year 2000.  You are obviously not old enough to remember that, and most people anyway forget each week what they read the last week; but I have a long memory...
Yep cant remember the year 2000, I wasnt even born for a few years after that

Anyway, enjoy believing whatever garbage you have loaded into a brain that is operating suboptimally due to your vegan diet.
I believed everything I said before I was vegan too, which is why I'm vegan in the first place.


Protip:  Range-grazed meat tastes better.  All of the freedom and happiness that the meat enjoyed whilst alive makes it juicier and more delicious.

the most unsustainable type of meat

Just need to make sure that it suffers at the end, the tears will help it tenderize

I know you’re joking; but for the record, I advocate humane slaughter.

Stress at the end ruins the juicy taste of freedom and happiness in the meat.

Depending on where you live, "Humane" is a gas chamber, or a knife to the throat
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April 25, 2021, 09:53:47 AM
Merited by DaRude (1)

Off topic:

I’m sure you’re all aware of Faketoshi attempting to take Cøbra to court for ‘copyright infringement’  Roll Eyes
I made a thread, if anybody wants to donate towards Cøbra’s legal costs then his bitcoin address is listed in the OP. Feel free to verify it.

Cøbra is aware of the thread & has actually posted in there.

https://bitcointalk.org/index.php?topic=5332996.0

Hopefully Faketoshi is behind bars soon.
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April 25, 2021, 10:21:40 AM
Merited by JayJuanGee (1)

Can't we just stay above 50k for fuck sake. I mean I don't think we will be breaking out to new ATH for a couple months but this 40s thing just seems downright depressing.

My 1 year ago self would be laughing at that comment mind you but here I am still complaining, lol.

See what I mean?

Peeps complain, even though they know we be in a good place.

Go figure, ur lil selfies?


Everyone loves a good whinge. Be it your job, parents, wife, or bitcoin a whinge is there for you.

If us normal folk didn’t whinge, all the world's problems would probably be solved by now and how fucking boring would that be?
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April 25, 2021, 10:25:03 AM

Off topic:

I’m sure you’re all aware of Faketoshi attempting to take Cøbra to court for ‘copyright infringement’  Roll Eyes
I made a thread, if anybody wants to donate towards Cøbra’s legal costs then his bitcoin address is listed in the OP. Feel free to verify it.

Cøbra is aware of the thread & has actually posted in there.

https://bitcointalk.org/index.php?topic=5332996.0

Hopefully Faketoshi is behind bars soon.

Honestly, I would prefer Calvin be behind bars. Faketoshi deserves it for being a scamming prick but Calvin is a real piece of shit.
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April 25, 2021, 10:40:18 AM
Merited by JayJuanGee (1)

Mempool count dropping even more (less BTC on the move) and USD moving into the exchanges.



Source: https://www.blockchain.com/charts/mempool-count

Are we in for a bull run? Looks good recovery wise, but still have doubts.
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April 25, 2021, 11:00:53 AM

Craig Wright, Calvin Ayre... what a bunch of scumbags.

I've never really been a rich person in my entire life, except, perhaps, in the last year, due to Bitcoin's recent price appreciation, which has given me a taste of how it feels to be "well off". Even then, I'm nowhere near the wealth that these guys have. What more do they want? Their future is completely secured, they can sustain their lavish lifestyles forever. Why do they keep fighting Bitcoin? Is it some sort of bad wiring in their brains, or is it a sickness of the rich?

In any case, I hope justice is served and they end up where they belong.
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April 25, 2021, 11:05:36 AM

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April 25, 2021, 11:06:37 AM

Craig Wright, Calvin Ayre... what a bunch of scumbags.

I've never really been a rich person in my entire life, except, perhaps, in the last year, due to Bitcoin's recent price appreciation, which has given me a taste of how it feels to be "well off". Even then, I'm nowhere near the wealth that these guys have. What more do they want? Their future is completely secured, they can sustain their lavish lifestyles forever. Why do they keep fighting Bitcoin? Is it some sort of bad wiring in their brains, or is it a sickness of the rich?

In any case, I hope justice is served and they end up where they belong.

I'm fairly certain CSW has fuck all; it's his butt boy Calvin who bank rolls his bullshit. Wouldn't piss on either of them even if they were on fire tbh, they deserve to get utterly rekt in the courts and hopefully all this nonsense will end sooner than later
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April 25, 2021, 11:29:03 AM
Merited by Farmer Bill (1)

Skipping around a bit, to establish some context:

Next, you’ll be telling me that rising sea levels will make Earth uninhabitable by the year 2000.  You are obviously not old enough to remember that, and most people anyway forget each week what they read the last week; but I have a long memory...
Yep cant remember the year 2000, I wasnt even born for a few years after that.

I could tell that you were young, but I didn’t realize that you were that young.  Perhaps I was confused by the amount of money that you have sometimes claimed to be throwing around.  Most teenagers are financially unsophisticated, and also broke.

Now, a critical thinking question:  To remember predictions made about a future Year 2000, how old would you need to be?

I’m not doxing my age here.  I “remember” things from the 1950s, and the 1930s, and the 1770s—and 480 B.C.  Because I study history.  The latest exemplars that I recall of doomsday climate change predictions for the Year 2000 were from the late 1980s.  I may or may not personally remember the 1980s from direct experience.

Obiter dictum, I always find it remarkable to talk to people who don’t remember a world before Facebook, Twitter, and anthropoid cattle tracking devices “smart” phones.  (Viz., before proper punctuation became unfashionable.)  Or America’s global terror-war of bombing people into “freedom” to stop The Terrorists.  Or...

If any of us survives the near future, then perhaps someday you will have a similar view of people who are too young to remember the world before “the Covid New Normal”.  Do you remember what the world was like before Covid?  —Will you remember that in twenty years—in forty years?  How will you perceive the children who were born after?  How warped, twisted, and shallow will their worldview seem to you, when they are adults who never knew the world in which you grew up?

I challenge you to think about this, so as to shift your perspective.  When you view the world this way, you can transcend the narrow contextual bubble of the present and become a bit of a time traveller.

My, how convenient this is for BigCorp agribiz.  You believe that the type of meat best produced by small, independent farmers on land that they own (and presumably care about) is “the most unsustainable”.
Not really convenient for them, I believe all meat is unsustainable and unethical, [← This is a run-on sentence, but it’s ok, we have bigger problems to fix first, because the “education” received by persons born after the Year 2000 is evidently even more abominable than I had hereto imagined.]

That seems to be both your premise and your conclusion.

[...] local farms just happen to be smaller business and as a fundamental law of economics, they cannot scale as how larger corporations can.  [← See?  You can do it!]  But even with all the scaling its still incredibly unsustainable and by the nature of efficiency it is much crueler, which is why I dont eat any animal products.

Scaling doesn’t usually work the way that people expect.  For example, as we all know, to “scale” Bitcoin by raising the blocksize limit would have many negative consequences which may not seem obvious in advance:  Explosion in the UTXO set size (a resource-intensive burden to all nodes), increased orphan rate for miners, etc., etc..  It is not only a matter of more disk space.

To scale up meat production by packing animals into little boxes, injecting them full of crap, and feeding them utter garbage is not what I would call “sustainable” in any way.  I would not even call it “productive”, insofar as both process and product are inferior.

It is, of course, not so different than packing so-called “humans” into modern urban environments, injecting them full of crap, feeding them utter garbage...  You are a cow managed by an iDroid device.

By close analogy, this reminds me of the time that I saw an advertisement proudly touting “corn-fed beef”, as if that were a good thing for anyone other than the large corporations that control the corn markets, and their pesticide providers, and the stockholders thereof, and their bankers.
Cows are already fed corn amongst other feed pretty sure, this is just marketing BS to put on a higher price tag on the crap product they are already selling.

In this context, “corn-fed” would implicitly stand in contradistinction to “grass-fed”.  The latter ideally means letting the cattle walk around in a pasture, and munch on what they please.  The difference in meat quality is significant; I am not only joking about it.

Obviously, grazing cattle is less efficient from a bean-counting business perspective.  Among other things, it requires land husbandry to prevent overgrazing from ruining the pastures.

Anyway, enjoy believing whatever garbage you have loaded into a brain that is operating suboptimally due to your vegan diet.
I believed everything I said before I was vegan too, which is why I'm vegan in the first place.  [← Wow!  Another period!  I am soooo proud of you.  —  People say that I am a jerk; and although I DGAF about their opinions, I figure that I may as well try some so-called “positive reïnforcement” for good behaviour.  How is it working?  Are you feeling reïnforced yet?  Sigh.  Being helpful can sometimes be so thankless.]

I once knew someone who had switched to a vegan diet as a teenager.  She permanently stunted her adolescent growth, so she always looked rather odd in an unpleasant way.  I’m not sure how much of that was intentional; it seems she did intentionally starve herself outright.  I infer that she probably had an underlying eating disorder, which manifested in her becoming a vegan zealot.  When she was in her twenties, she had a series of mental breakdowns that occasionally required hospitalization; she would be in her forties now...  Anyway, I haven’t only read about veganism on the Internet.  I have known a number of vegans IRL.  All of them were, without exception, quite insane.  But that is unsurprising; what always surprised me about them was the smell—a subtle sort of a cloying sick-animal smell that hung in the air about them.  I have the nose of a dog, so I pick up on such things as others do not.

By the way, no:  I do not actually eat an all-meat diet.  But that is only because I cannot afford it.  I was too much of an idealist when I was your age.  I did not care about money until, in the course of years, I learned the hard way that although money cannot buy happiness, it can prevent unhappiness!  For example, if you have money, then you can afford to have a Platinum account for emergencies.

...for the record, I advocate humane slaughter.

Stress at the end ruins the juicy taste of freedom and happiness in the meat.

Depending on where you live, "Humane" is a gas chamber, or a knife to the throat.

You know those scary-looking electric stun bolts that PETA misrepresents as cruel?  Those are anesthetics.  Anesthetics need not be chemical!  Look it up in a resource about animal husbandry, not a PETA pamphlet.

Given the choice between being killed while conscious, versus being zapped into instant unconsciousness and then killed, I am guessing that you would probably prefer to be zapped.  From my perspective, it will keep you juicy and delicious; humane butchers actually examine meat for stress marks that are indicia of low quality.

* nullius toasts SwayStar123 with a nice Chianti.
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April 25, 2021, 11:35:24 AM

Craig Wright, Calvin Ayre... what a bunch of scumbags.

I've never really been a rich person in my entire life, except, perhaps, in the last year, due to Bitcoin's recent price appreciation, which has given me a taste of how it feels to be "well off". Even then, I'm nowhere near the wealth that these guys have. What more do they want? Their future is completely secured, they can sustain their lavish lifestyles forever. Why do they keep fighting Bitcoin? Is it some sort of bad wiring in their brains, or is it a sickness of the rich?

In any case, I hope justice is served and they end up where they belong.

Sociopaths my friend. Most of the rich "successful" types, along with the ruling class, have got there by their sociopathic abilities. This is the norm in human history of course and you could probably put a fair portion where humanity has got to so far down to these types as well.
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April 25, 2021, 11:42:34 AM

You know those scary-looking electric stun bolts that PETA misrepresents as cruel?  Those are anesthetics.  Anesthetics need not be chemical!  Look it up in a resource about animal husbandry, not a PETA pamphlet.
Oh I hate peta too, their ads suck. And I wouldn't take my info from a animal husbandry organization either, conflict of interest.

Given the choice between being killed while conscious, versus being zapped into instant unconsciousness and then killed, I am guessing that you would probably prefer to be zapped.

Ofcourse! But I'd rather not be killed at all.
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April 25, 2021, 11:48:52 AM

9 red daily candles on the past 10.. Still fucking bearish. Weekly looks the same..

H4 on a sideway mode.. but not fuel to any move up..

Hmmm even if I don't want to see that, I am thinking more and more that we need to continue to go down before any bull reversal. Bottom probably still not reached  Roll Eyes
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April 25, 2021, 11:50:40 AM
Merited by JayJuanGee (1)

Every time I say that I regret using BTC for purchases, I can't help but feel like I'm "betraying" Bitcoin by not supporting its use as money. Laszlo Hanyecz comes to mind. At the same time, Bitcoin has become so important and so valuable as an asset, that spending it on petty purchases just doesn't feel right anymore. It's like cutting a piece of gold from a gold bar to pay for your weekly supermarket shopping. I'd rather use fiat for that. Perhaps, there may come a time when the mere ownership (and not the spending) of Bitcoin will grant the owner special privileges. Bitcoin is just too precious to spend, unless absolutely necessary.
Easy fix: buy back the Bitcoin you spend Wink It comes with conversion costs, but rewarding companies that accept Bitcoin by actually paying with Bitcoin is how we increase adoption.
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April 25, 2021, 11:50:48 AM

The only way is up .........baby

We've been broken down
To the lowest turn
Bein' on the bottom line
Sure ain't no fun
But if we should be evicted
Huh, from our homes
We'll just move somewhere else
And still carry on
Oh
(Hold on) hold on
(Hold on) hold on
Ooh, aah, baby
hold on
(Hold on) ooh ooh aah
The only way is up, baby
For you and me now
The only way is up, baby
For you and me now
Aah
Now we may not know, huh
Where our next meal is coming from
But with you by my side
I'll face what is to come
Aah, boy I want to thank you
Yeah, for loving me this way
Things may be a little hard now
But we'll find a brighter day
Oh, yeah
(Hold on) hold on
(Hold on) hold on
Ooh, ooh ooh
hold on
(Hold on) won't be long
Ooh, yeah
The only way is up, baby
For you and me now
The only way is up, baby
For you and me now
Ooh ooh ooh
Talk about the only way is up, baby
Talk about the only way
Talk about the only way is up, baby
Talk about the only way
Talk about the only way is up, baby
hold on
(Hold on) hold on
Hey
hold on
(Hold on) won't be long
No no no
The only way is up, baby
For you and me now
The only way is up, baby
For you and me now
The only way is up, baby
For you and me now
The only way is up, baby
For you and me now
The only way is up
For you and me now
The only way is up, baby
For you and me now
The only way is up
For you and me now
The only way is up
For you and me now
The only way is up
For you and me now
The only way is up
For you and me now
nullius
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April 25, 2021, 01:23:06 PM

Sociopaths my friend. Most of the rich "successful" types, along with the ruling class, have got there by their sociopathic abilities. This is the norm in human history of course and you could probably put a fair portion where humanity has got to so far down to these types as well.

That is a self-serving modern myth.  It is necessary for rationalizing the hybristic modern myth of historical “progress” and “advancement”:  How could modernity be “advanced”, if the world has become worse?

The reality is that in all of recorded or recoverable history, never before has the whole world been more thoroughly corrupt, degenerate, and debased than it is now.  You could put not only “a fair portion”, but the totality of this down to the downfall of the ruling classes:  The sheep only go where they are led, for they can do no other, all democratic delusions to the contrary notwithstanding.
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April 25, 2021, 01:47:03 PM
Last edit: April 25, 2021, 02:05:33 PM by rolling

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 Angry, 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/WFRBLB50107

Quote
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?

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.
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