pull down to refresh

0 sats \ 2 replies \ @rootmachine 28 Oct \ parent \ on: Which is Worse: Taxes or Fiat Money? econ
I know what you mean, but I will stay by my option in this scenario. As an European, I can tell you that the prosperity you are talking about with low taxes and sound money was only for one part, not for all involved parties. I will always say: there must be something rational in all options. We have nukes and not using them because we cannot control the outcome. Right now we are not controlling the outcome for both taxes and fiat. Same goes by when talking about fiat, taxes, healthcare, education and so on. So, smart thing would be both to wipe out fiat & taxes, but at this moment in time, people are way to used to using a "form of money" for "trades" that fiat will super quick be replaced. Looking at this scenario, we are left with wiping out taxes. And, in fact, if you look at how the politics are shifting, you will see that many want this to happen (extreme left wingers especially in Europe).
I do feel that we are living strange and unpredictable times.
write
preview
0 sats \ 1 reply \ @kepford OP 28 Oct
Yeah, this is messy and complex but I think fiat is the most often overlooked factor in modern democracies. Capitalism gets the blame for every evil or taxes/gov spending. Central banks printing money is almost never discussed.
You will only eliminate "inequality" by making everyone live in complete poverty. And even then you will still have hierarchy. Equality is a recipe for disaster. I'm a free market maxi. You will still have evil. It doesn't solve that but neither does the state. It simply centralizes power and corruption.
We do live in interesting times and understanding the base issues helps to know which direction we should lean. At least that is my view. We for sure don't need less freedom, we need more and free-market money would be amazing. Oh wait, we have it. Bitcoin!
reply
0 sats \ 0 replies \ @rootmachine 28 Oct
Yeah, we have Bitcoin. And I am hoping for it to be adopted widely in the future, even though the majority of people holding Bitcoin will be those who control most of FIAT at this right moment. But we keep stacking and hoping.
reply