Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[jojo69]

 Don't let corporates get away with paying less than 1% tax and suddenly there is enough funding for everything.  

Life was indeed simpler before I realized that corporations can not be made to pay any taxes whatsoever.

No corporation has ever paid ANY tax in history.

[1713518674]

1713518674

[HairyMaclairy]

Yes. It's called an investment. You may have heard of the concept?

Walls are investments.  But education and health are not investments.  Got it. 

[HairyMaclairy]

Don't let corporates get away with paying less than 1% tax and suddenly there is enough funding for everything.  

Life was indeed simpler before I realized that corporations can not be made to pay any taxes whatsoever.

No corporation has ever paid ANY tax in history.

I personally paid more income tax last year than Ikea paid corporate tax in my country, despite them having operated here for a long time.  One person.  I earn a good living but I really don't earn *that* much.   And they have billions of revenue here.  

You wonder why there's no money in the government treasury - that's your answer.

[Ibian]

Yes. It's called an investment. You may have heard of the concept?

Walls are investments.  But education and health are not investments.  Got it. 

Again, it's almost nothing compared to the other stuff. And I know you know this. You are being deliberately obtuse.

[d_eddie]

Yes. It's called an investment. You may have heard of the concept?

Walls are investments.  But education and health are not investments.  Got it.  

Again, it's almost nothing compared to the other stuff. And I know you know this. You are being deliberately obtuse.

On the other hand, you don't seem so deliberate this time.

[HairyMaclairy]

Yes. It's called an investment. You may have heard of the concept?

Walls are investments.  But education and health are not investments.  Got it. 

Again, it's almost nothing compared to the other stuff. And I know you know this. You are being deliberately obtuse.

We haven’t started talking about the $2.5 trillion in tax cuts.

[Ibian]

Yes. It's called an investment. You may have heard of the concept?

Walls are investments.  But education and health are not investments.  Got it. 

Again, it's almost nothing compared to the other stuff. And I know you know this. You are being deliberately obtuse.

We haven’t started talking about the $2.5 trillion in tax cuts.

So talk about it.

[Ibian]

Yes. It's called an investment. You may have heard of the concept?

Walls are investments.  But education and health are not investments.  Got it.  

Again, it's almost nothing compared to the other stuff. And I know you know this. You are being deliberately obtuse.

On the other hand, you don't seem so deliberate this time.

If you have any arguments then let's hear it.

[hisslyness]

Don't let corporates get away with paying less than 1% tax and suddenly there is enough funding for everything.  

Life was indeed simpler before I realized that corporations can not be made to pay any taxes whatsoever.

No corporation has ever paid ANY tax in history.

I personally paid more income tax last year than Ikea paid corporate tax in my country, despite them having operated here for a long time.  One person.  I earn a good living but I really don't earn *that* much.   And they have billions of revenue here.  

You wonder why there's no money in the government treasury - that's your answer.

a bit of a double standard here.. what about US based corps,Google/Apple/MS etc... operating in other countries and not paying their fair share of company tax there?

Also at the end of the day, it is the individual shareholder who will cop the tax via personal tax returns. much easier/more for gov to tax and collect from the people than the corps...

[HairyMaclairy]

Also at the end of the day, it is the individual shareholder who will cop the tax via personal tax returns. much easier/more for gov to tax and collect from the people than the corps...

Not when the company execs have private jets and Aspen lodges bought by the company. That’s tax free.


Fly into Telluride sometime and count the private jets on the pan.  They are almost all corporate owned.

[hisslyness]

Also at the end of the day, it is the individual shareholder who will cop the tax via personal tax returns. much easier/more for gov to tax and collect from the people than the corps...

Not when the company execs have private jets and Aspen lodges bought by the company. That’s tax free.

Not sure about the US tax system, but in Australia, that is covered under fringe benefits tax..

 Again, i don't see a problem with corps owning such assets, the cost to maintain and run will flow down to other parties and the profits generated will be taxed.

[HairyMaclairy]

FBT is great in theory.   Hold a half hour company meeting at Telluride.  Trip is deductible.  

The Australian tax authority is almost as badly funded as the IRS, so can’t run audits effectively.  Of course the underfunding is deliberate. 

[hisslyness]

FBT is great in theory.   Hold a half hour company meeting at Telluride.  Trip is deductible.  

The Australian tax authority is almost as badly funded as the IRS, so can’t run audits effectively.  Of course the underfunding is deliberate. 

In theory, alot of things are great, in practice it is something else, that is with everything not just taxation.

Gov knows they are never going to collect 100% of what it is owed to them... self assessment is just that, you telling the government what you want to pay them! Gov hoping you are telling the truth.

also, any company who holds a 30mins meeting is not an ikea/google/facebook..

[Ibian]

For a potential future societal structure I suggest to read or re-read "Snow Crash" by Neal Stephenson (first published in 1992).

Cliffnotes?

 Deadpool delivers pizza.  I don't think we can seriously believe anything was "predicted" given that it was published in 1992.

 You can listen to it while you're working on other things... that way it wont be an entire waste of your time

edit: forgot the link!  Part 1 - https://www.youtube.com/watch?v=X-ZiG4FsYAg  (and only 8 hours... suggest you boost the speed to 1.5X)

That's some pretty hardcore pizza delivering. Love how he uses nippon instead of japan. It's the little touches.

[VB1001]

"Vires in Numeris" (Strength in Numbers)

Authentic Bitcoiner > Martin D. Weiss of Weiss Ratings.

Bitcoin’s Improving Fundamentals Indicate a New Bull Market is in the Making.

"Like gold, Bitcoin and other cryptocurrencies could become a haven for investors who flee from fiat currency devaluations. In fact, in one key aspect, it may be even better than gold: It cannot be confiscated by any government."

Source: https://coingape.com/bitcoins-improving-fundamentals-bull-market-weiss-ratings/

[Saint-loup]

Darknet market activity is relatively price inelastic; that is, you don’t see a drop in this type of activity when cryptocurrency prices fall. In fact, in 2018, darknet market activity and overall market performance had an inverse relationship.

https://blog.chainalysis.com/reports/decoding-darknet-markets

[Elwar]

Seastead nation starts at zero debt.

All nations are now behind us on the economic balance sheet.

[Cryptotourist]

^. Muchos cohones

Don't want to risk your OpSec, but is that you?

[kurious]

FBT is great in theory.   Hold a half hour company meeting at Telluride.  Trip is deductible.  

The Australian tax authority is almost as badly funded as the IRS, so can’t run audits effectively.  Of course the underfunding is deliberate. 

In theory, alot of things are great, in practice it is something else, that is with everything not just taxation.

Gov knows they are never going to collect 100% of what it is owed to them... self assessment is just that, you telling the government what you want to pay them! Gov hoping you are telling the truth.

also, any company who holds a 30mins meeting is not an ikea/google/facebook..

Actually, plenty of executives will have a 30 minute meeting somewhere nice.  A friend of mine (ahem) has had the occasional meeting with French company execs in Paris or New York on a weekend, totally legit, but convenient - especially if the g/f coincidentally happens to be around. 

Any system that can be gamed will be.  Same with tax. Google turns over a ridiculous amount, in the billions in the UK, but until recently paid no tax as it 'was not based there'.  They have huge buildings full of Google staff, such as the one in Buckingham Palace Road in London.  But their credit card machine was... in Dublin.

The corporate share of government taxation receipts has shrunk massively over the past few decades, which is why there are cuts on services and a higher tax burden is necessarily borne by the 'middle' classes.

[Ibian]

Got a pic of the seastead?