this pandemic have made me do research on things i never tought before economy

[cryptoboss2020]

Biden's proposal is to set higher taxes on rich Americans. There is a logic behind his words. If we set high taxes on everyone, then poor people just will not be able to resist the pressure and they may won't survive or there will be robbery and stealing because these people need food to stay alive. If we only set high taxes on rich people, they'll still live the good life but with a little bit less money and I think that should be okay.

If we open the whole world - there will be "hyperinflation"
If we close the whole world - there will be what? Anything better than hyperinflation? Closing the world = mental problems, i.e. more death because of it, destroyed economics and businesses, it's like committing suicide and in case of hyperinflation, we can still survive, see Germany as the example of it, they had enormous hyperinflation back in 1920 but built the strongest economics.

I agree with Baiden here. Just see Jeff Bezos, a person who become even richer during pandemic decided to cut down the rates for amazon affiliates, how fair is it?

This whole idea of taxing the rich is always well received by the masses but how are they going to do it? They can easily increase the amount that theoretically rich people will have to pay in taxes, but do you think they are going to sit down doing nothing while politicians pass this law? Of course not, they will use their influence to block such new taxes and even if they cannot do so they can modify the law enough to create holes in it and allow them to use those very same holes in the law to not pay those taxes, effectively making useless any attempt to tax them at an higher rate than what they are paying now.

You are wrong here!!
The top richest elites dont pay fair taxes anyways.
The small enterprise owners will high taxes or even little bigger ones.

Dont forget rich play by different rules.

Okay, you as the small business owner you dont like that?  Well but this the government and biden is there by elections.

And what population are now dominant??
The poor the unemployment so they like everything what the biden will do.

[The Sceptical Chymist]

According to all calulations analysis and mathematics the high taxes are only solution keep fiat currency alive.

Don't know what calculations you did, but my gut has been telling me the same thing since about 2008 or so.  All this money-printing, economic stimulus checks, quantitative easing, and everything else has to be paid for at some point (I'm talking about the United States here), and I can't see who else would foot the bill except the taxpayers.  There's no free money; somebody's got to pay for all of this.

If we close the whole world - there will be what?

There will be massive revolt, since people generally don't like being locked up in their own homes by government decree.  At least I hope there would be resistance to it, because the world economy can't survive if businesses are closed down, people are unemployed, and individuals get desperate. 

Nor do I think any country needs to be locked down--the media has been filling our heads with stories about how lethal COVID-19 is, but I'm inclined to think they're exaggerating the danger.  Fear sells.  The doctors you see on the news are handpicked by the media to portray the grimmest possible picture of the pandemic.  Believe me, they don't choose them at random.

[cryptoboss2020]

According to all calulations analysis and mathematics the high taxes are only solution keep fiat currency alive.

Don't know what calculations you did, but my gut has been telling me the same thing since about 2008 or so.  All this money-printing, economic stimulus checks, quantitative easing, and everything else has to be paid for at some point (I'm talking about the United States here), and I can't see who else would foot the bill except the taxpayers.  There's no free money; somebody's got to pay for all of this.

If we close the whole world - there will be what?

There will be massive revolt, since people generally don't like being locked up in their own homes by government decree.  At least I hope there would be resistance to it, because the world economy can't survive if businesses are closed down, people are unemployed, and individuals get desperate. 

Nor do I think any country needs to be locked down--the media has been filling our heads with stories about how lethal COVID-19 is, but I'm inclined to think they're exaggerating the danger.  Fear sells.  The doctors you see on the news are handpicked by the media to portray the grimmest possible picture of the pandemic.  Believe me, they don't choose them at random.

I agree with you!!
Everybody expecting the dollar collapse but I belive its not really case here!
They rather put the high taxes on USA people.
With dollar collapse I dont mean dollar disapeare!!
I mean dollar big Fall just.

But im sure there is no question about that the taxes will go higher.

[darewaller]

High taxes for high earners have been suggested by almost all democratic socialists in the world but it usually gets shut down very easily as well. When you have companies like amazon, facebook, google, wall street and so forth in USA and you do not charge them any federal tax at all and just let them grow in order to have big companies, that is the problem you will have and eventually they will accumulate all the wealth in the world while the regular people who work there have to ask for handouts from the government.

Amazon has over 10 thousand workers in one warehouse and in that same warehouse 1700 people applied for food stamps from the government, do you think that is a good business for your nation? I feel like paying zero federal tax and paying your workers so little that they have to get food stamps is a prime example of a bad business to have in my nation.

[cryptoboss2020]

High taxes for high earners have been suggested by almost all democratic socialists in the world but it usually gets shut down very easily as well. When you have companies like amazon, facebook, google, wall street and so forth in USA and you do not charge them any federal tax at all and just let them grow in order to have big companies, that is the problem you will have and eventually they will accumulate all the wealth in the world while the regular people who work there have to ask for handouts from the government.

Amazon has over 10 thousand workers in one warehouse and in that same warehouse 1700 people applied for food stamps from the government, do you think that is a good business for your nation? I feel like paying zero federal tax and paying your workers so little that they have to get food stamps is a prime example of a bad business to have in my nation.

The many in USA are against the higher tax yes im sure.

[Twentyonepaylots]

That should go to the bottom of the list. You open a country when you want to minimize further damages caused by wars and whatnot, I can see that happening in the case of the pandemic too, but it would be reallyweird to do that when the world is slowly recovering. Nonetheless, heightening the tax is not the only solution should hyperinflation ensue after the planet opens itself. They can also divvy up the taxes and lower them a little bit to cover more people paying for it.

[Hydrogen]

The solution: possible solution is highest taxes we ever seen in life.

To create solutions. We must first understand problems. How did we reach a point where desperation tax hike proposals became an option.

Many want to be a leader with ultimate answers on how to fix fiat from God. Few learn enough to know the problems and history which led to our current sad state of affairs.

The best method to fix fiat (and all other issues we face) is for us to do a better job understanding problems. Rather than blindly repeating talking points from the media. Better understanding problems is the only way to know if proposed options on the table are good or bad.

[debbradford]

My country is not in the second wave of lock down, the first lock down had thrust a spear into our economy heart so deep we are trying to recover, another pandemic lock down would be fatal for my country.
I don't know the solution to the economical problem caused by the pandemic, am still learning economy at a personal interest, but a raise tax that should be very unfair at this pandemic time, people are in lockdown and income would be affect by the lockdown a raise in it would no be possible.
I think lock down should not always be the solution for many country, but try pandemic management.

In my country not all obeyed the lock down rules.  You can't manage those individuals that refuse to follow the laws.  And there are too many like that.

[Salauddin1994]

Many countries around the world have opened lockdowns to improve their economies many people did not comply with everything during the lockdown so how can they comply with the hygiene rules after lifting the lockdown. It is not possible to intervene in all cases even if the government gives instructions that is why it is not possible to control the epidemic which is pushing the country's economy further down. Many people will not be able to pay taxes if taxes are levied on the people vaccines are the only right thing to do in economics and epidemic control.

[Saisher]

so yesterday i did some research was reading also some educational things.
i found something interesting:  likely if we will open all world now then the currency might be hyperinflated.
So we cant open economics full around the world if we do that the fiat currencies will be like zimbawen dollars in one month.


The solution: possible solution is highest taxes we ever seen in life.
According to all calulations analysis and mathematics the high taxes are only solution keep fiat currency alive.




i might be wrong but let me know guys.

I wonder where did you find that analysis, if you have a higher taxes then the companies will be compelled to raise the price of their good and services, and the idea that we should not open the economy is a bad idea if the government is implementing strictly the protocol the economy can be open so people can go to work make a living and not rely in the government subsidy, it's common sense not mathematical computation.

[chip1994]

so yesterday i did some research was reading also some educational things.
i found something interesting:  likely if we will open all world now then the currency might be hyperinflated.
So we cant open economics full around the world if we do that the fiat currencies will be like zimbawen dollars in one month.


The solution: possible solution is highest taxes we ever seen in life.
According to all calulations analysis and mathematics the high taxes are only solution keep fiat currency alive.

It is also a good way to prevent inflation, but it will not last forever because the amount of money printed on the economy remains the same and so even if the government holds a lot, the price of fiat money will be. has been devalued for a long time. So for me it makes more sense to use fiat money to buy some bitcoins to hold.
Bitcoin halving took place in June and most of the Bitcoin on Big exchanges like Bitstamp, Kraken, Okex, Huobi global have been withdrawn to their own wallets for storage and hold. This implies the current scarcity of Bitcoin, holding will be a more secure solution at the present time. What do you think about this strategy? I will greatly appreciate your serious opinion.

[nemey]

With the pandemic, it has had a very big impact on the economic life of the world community and the greatest influence is felt by fiat currencies. I agree with your opinion, where if this problem does not immediately find a solution, then inflation will inevitably occur.

[proTECH77]

Many people lost their job during the pandemic that took over many months in the country. Many use the opportunity to learn so many online business that is helping them right now to do well in their businesse and to assist others to grow their online business which many people never aware of in the country until someone collect them to the site.
Many citizens use the opportunity to carry out so many research, to know how many online business are available in the online job, for them to apply and get something doing in the process of the lockdown. Many use the opportunity to join bitcoin platform to know more about digital currency, that many people are using to invest to make a good income.

[shoreno]

if you have a higher taxes then the companies will be compelled to raise the price of their good and services,

higher tax plus higher price of the products and services , what will be left to us ? that sounds that the value of our money will really get smaller and the one that will be affected here again are the small consumers or the poor people that dont have a huge wealth like the rich .

the idea that we should not open the economy is a bad idea if the government is implementing strictly the protocol the economy can be open so people can go to work make a living

strict protocol and going to work ? you are refering to covid19 arent you .he talks about taxes and inflation not the virus but virus is still there and opening the whole economy is still a bad idea without clearing things up .

[verita1]

Nor do I believe that high taxes can save the economy of some countries.
In this time of pandemic, conditions in each country are different and difficult because each one of them needs to produce and diversify their economy to prevent businesses from going bankrupt.
With the arrival of a vaccine against Covid19, it is a signal to turn on the engines to promote the rescue of the economy and will require plans that encourage the production of all economic sectors.

[TheGreatPython]

Is the solution bill on heavy taxes we are to pay where by things have not been so good, workers hardly get paid out here in Africa as in Nigeria as whole. The crisis in Nigeria is way out of explanation. I keep saying this it's with the help of God intervention that things will come back to normal.

With the God's intervention or maybe with the government starting to do something for their country and people instead of just trying to win the elections and then do nothing. I still believe things can be improved in countries with dire situation if only the government and the citizens are on the same page and towards building their nation.

Higher taxes are the only solution, I kind of agree because someone has to cover the damage and it has to come from the taxes but there needs to be encouragement from the government in small countries to help their low level entrepreneurs get back on their feet because as much as you want the taxes to be collected if the government can push small scale industries towards normality it would help their cause by a big margin.

[Chrystora123]

snip..

Higher taxes are the only solution, I kind of agree because someone has to cover the damage and it has to come from the taxes but there needs to be encouragement from the government in small countries to help their low level entrepreneurs get back on their feet because as much as you want the taxes to be collected if the government can push small scale industries towards normality it would help their cause by a big margin.

thousands of businesses were impacted by this "PANDEMIC" but there were some businesses that made huge profits during this "PANDEMIC".  imposing high taxes is indeed one of the best solutions but equalization should not be done, what must be subject to high taxes is business ventures that are not affected (even profit) during this "PANDEMIC"..

[Kong Hey Pakboy]

Many people lost their job during the pandemic that took over many months in the country. Many use the opportunity to learn so many online business that is helping them right now to do well in their businesse and to assist others to grow their online business which many people never aware of in the country until someone collect them to the site.
Many citizens use the opportunity to carry out so many research, to know how many online business are available in the online job, for them to apply and get something doing in the process of the lockdown. Many use the opportunity to join bitcoin platform to know more about digital currency, that many people are using to invest to make a good income.

Many people have temporarily lost their job during the pandemic because companies need to limit their employees that they can't give enough salary for all of their employees. It is why it's a great opportunity for them to start making online business or start selling goods through online because it is very hard to live everyday without enough source of income.

[Karartma1]

so yesterday i did some research was reading also some educational things.
i found something interesting:  likely if we will open all world now then the currency might be hyperinflated.
So we cant open economics full around the world if we do that the fiat currencies will be like zimbawen dollars in one month.

The solution: possible solution is highest taxes we ever seen in life.
According to all calulations analysis and mathematics the high taxes are only solution keep fiat currency alive.

i might be wrong but let me know guys.

Why do you think people and companies have started accumulating all these bitcoin? When you choose hard money over fiat currencies you are already protecting yourself from any possible hyperinflation. Bitcoin can't be produced at will and there's a max cap to the supply.
You are right on one thing I guess: after the world will get past covid-19, the hamsters will have to start running like crazy again.
The ones who will have a few coins will have some insurance against the craziness of the government, the others are bound to be slaves to the wage for the rest of their lives.

[btc78]

so yesterday i did some research was reading also some educational things.
i found something interesting:  likely if we will open all world now then the currency might be hyperinflated.
So we cant open economics full around the world if we do that the fiat currencies will be like zimbawen dollars in one month.

Sorry but why not give your own opinion on Why would the Currencies be Hyperinflated in opeing the world?from what basis this comes from?

The solution: possible solution is highest taxes we ever seen in life.
According to all calulations analysis and mathematics the high taxes are only solution keep fiat currency alive.




i might be wrong but let me know guys.

So if you Put Higher taxes then Businesses will surely start to collapse as they are also affected of the situation?Maybe bring high taxes in some areas in which benificial in this crisis,because like Online businesses that really boomed this pandemic and also some gambling sites that Bagging Money without rightful taxes.