201–210 of 211 posts
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Because they’ve done a great job “protecting” the supply of the USD… Bitcoin’s anti-counterfeiting is a hell of a lot better than the USD’s anti-counterfeiting.
I am very glad that the US passed big spending bills for COVID, if that's what you are concerned about. Fiat currency has the feature of being able to borrow against the future.
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I am very glad that the US passed big spending bills for COVID, if that's what you are concerned about. Fiat currency has the feature of being able to borrow against the future.
Just a minute ago you were taking about how great it was that USD’s supply was “protected”. Fickle.
I also believe it's a sovereign country's right to print it's own money as it sees fit. As a citizen I am glad we are willing to spend when people are hurting.
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> Fiat is backed by weapons. This is one of the most hilarious misunderstandings of how monetization works. Is someone from the army going to come shoot me if I charge too many USD for a hamburger?
> Fiat is backed by weapons. I interpret this to mean: The major fiat currencies are ultimately backed by their respective government's willingness to use war to preserve their economic interests. The other fiat currencies are based on the level of mutual interest in economic partnerships or trade relations between the majors and the non-majors. ... This is intuitively sensible to me, but I am not an economist.
Obviously if anyone could print USD it'd be near worthless.
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I see you have moved the goalposts and have not bothered to actually provide any citations for the numbers from your original posted. Your own link indicates that Netherlands taxes are only slightly above average for OECD countries given their GDP. This would indicate that your original claims were false. The reason why health care costs are lower is a different topic. Your original claim about relative healthcare co…
And you are sticking to tables of income and tax rates and claiming that income tax is 51% not 80 or 85%. At the same you decide to ignore my claim was the overall earning you do over you life will be taken away by the state. Surely you can understand the concept of overall tax burden. Although I am simplifying here and not making payroll salary calculation you certainly understand the example like this one. You earn…
> And you are sticking to tables of income and tax rates and claiming that income tax is 51% not 80 or 85%. At the same you decide to ignore my claim was the overall earning you do over you life will be taken away by the state. Surely you can understand the concept of overall tax burden.
I was looking at the numbers from the other page that you posted that showed that the TOTAL tax burden at ALL levels of government vs GPD was ~36% which was slightly higher than the OECD average which was 34%. That places it in the middle of the pack for Europe.
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I see you have moved the goalposts and have not bothered to actually provide any citations for the numbers from your original posted. Your own link indicates that Netherlands taxes are only slightly above average for OECD countries given their GDP. This would indicate that your original claims were false. The reason why health care costs are lower is a different topic. Your original claim about relative healthcare co…
And you are sticking to tables of income and tax rates and claiming that income tax is 51% not 80 or 85%. At the same you decide to ignore my claim was the overall earning you do over you life will be taken away by the state. Surely you can understand the concept of overall tax burden. Although I am simplifying here and not making payroll salary calculation you certainly understand the example like this one. You earn…
> "Cryptocurrencies are essentially neither money nor a financial product, but an example of what Nobel laureate Robert Shiller calls a 'contagious narrative': a contagious story in which people believe because other people believe in it." Which is exactly what money is, to begin with.
That tax bill I get every year payable only in dollars isn't imaginary.
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And you are sticking to tables of income and tax rates and claiming that income tax is 51% not 80 or 85%. At the same you decide to ignore my claim was the overall earning you do over you life will be taken away by the state. Surely you can understand the concept of overall tax burden. Although I am simplifying here and not making payroll salary calculation you certainly understand the example like this one. You earn…
You're listing car and dog like it's some kind of requirement. I couldn't be less happy to live in a society that has less dogs and less cars.
I believe it was in the republic of Plato. There is some comment about how in ancient Greece, Slaves used to complain a lot about how severe their Master was, or praise the Master by how friendly it was to them. However they never complained about slavery itself...
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> Fiat is backed by weapons. The same weapons that defend your house from other countries and force you to give up half your salary This is a very American view of fiat (and governmental role in general). It's a logic that only works if you're talking about the strongest military and associated country out of all alternatives, and at this point it falls apart. How do weapons protect the value of the Angolan kwanza or…
Do Angola and Singapore not have police that enforce that their residents pay their tax bills?
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Real life currency also has the backing of the economy they represent. That's why USD is "strong" and Zimbabwean dollars were "weak." Crypto has nothing. It's just environmental destruction and/or pump and dump schemes.
When people decide to use crypto instead of USD, your economy is not backed by USD anymore.