This is actually a good thing.
Japan to regulate Bitcoin trades, impose taxes
31–37 of 37 posts
Re: Japan to regulate Bitcoin trades, impose taxes
#32Earlier quoted context omitted.
> Only in America is a tax increase equated (without any further investigation) to depressing the economy That's not strictly true. There are other countries who harbor economists possessed of half a brain and theory describing the basic principles of how quasi-rational actors behave in various situations. They just usually don't get listened to. :) Promising free lunches for everyone is much more popular and gets yo…
Theory is dumb when all empirical data disagrees with it. Good thing the Austrian's figured this problem out by ignoring data. It's the true hacker's way.
You have to afford the Austrians some sympathy. They know, just know, that their economic theories are correct and just. However, they kept running into a problem: there's so much troublesome data that proves the opposite of their beliefs. One day, Ludwig von Mises discovered that the scientific method itself was flawed. So he created a new system to replace it by fiat: "praxeology." Problem solved - now science confirms everything Austrians believe. No need for data.
Re: Japan to regulate Bitcoin trades, impose taxes
#33Earlier quoted context omitted.
> Only in America is a tax increase equated (without any further investigation) to depressing the economy That's not strictly true. There are other countries who harbor economists possessed of half a brain and theory describing the basic principles of how quasi-rational actors behave in various situations. They just usually don't get listened to. :) Promising free lunches for everyone is much more popular and gets yo…
Theory is dumb when all empirical data disagrees with it. Good thing the Austrian's figured this problem out by ignoring data. It's the true hacker's way.
I'm sure you have multiple studies with mountains of data which clearly demonstrate that the economy is at its most prosperous at a marginal tax rate of 100%. Oh, man, you guys are so cute. :)
Re: Japan to regulate Bitcoin trades, impose taxes
#34Earlier quoted context omitted.
Theory is dumb when all empirical data disagrees with it. Good thing the Austrian's figured this problem out by ignoring data. It's the true hacker's way.
I'm sure you have multiple studies with mountains of data which clearly demonstrate that the economy is at its most prosperous at a marginal tax rate of 100%. Oh, man, you guys are so cute. :)
So the only possible marginal rates are 0% and 100%. Good to know.
Re: Japan to regulate Bitcoin trades, impose taxes
#35Earlier quoted context omitted.
Theory is dumb when all empirical data disagrees with it. Good thing the Austrian's figured this problem out by ignoring data. It's the true hacker's way.
I'm sure you have multiple studies with mountains of data which clearly demonstrate that the economy is at its most prosperous at a marginal tax rate of 100%. Oh, man, you guys are so cute. :)
You're dumb. Please read an actual book on economics not associated with Mises or his filth.
Re: Japan to regulate Bitcoin trades, impose taxes
#36Re: Japan to regulate Bitcoin trades, impose taxes
#37Earlier quoted context omitted.
I'm sure you have multiple studies with mountains of data which clearly demonstrate that the economy is at its most prosperous at a marginal tax rate of 100%. Oh, man, you guys are so cute. :)
So the only possible marginal rates are 0% and 100%. Good to know.
Clearly.