I’m not saying they should. But when the fed prints trillions of dollars to bail out banks etc…. It lays bare that taxes are nothing more than your yearly reminder that the state owns you.
Are you saying the govt should just print money to pay for things instead of collecting tax revenue?
Discussion
I don’t see them that way. I see them as the cost of living in a society with a mix of public and private goods, rather than an atomized existence off the grid somewhere. As for bank bailouts, this recent one wasn’t a taxpayer-funded bailout (investors suffered losses; banks have to true-up the FDIC). Plenty of issues with the 2008 taxpayer-funded bailout, but would inviting financial meltdown once the horse was out of the barn have been a better option? Of course, this is all why we love #Bitcoin. But I also see the need for progressive taxation in this country
Having been a trader on the FX desk at BofA during the financial crisis I had a front row seat for the meltdown - I’m of the opinion that a cleansing fire in 2008 was exactly the medicine that was needed.
Because bailouts were given, the market was no longer able to function as a true market - punishing bad behavior. Which is what has gotten us into the mess we are currently in. I think the government is a bloated sweaty mess that should be shrunken to its barest bones. And the tax bill levied on citizens should reflect that.
Wow bro, that is dark
Sorry - I don’t mean to be doom and gloom. But I’ve seen how the sausage is made so to speak, and once you see it you can’t un-see it. The tarf/tarpmumbojumbo nonsense was just a sleight of hand to confuse the public of what was truly being done. And that is how my foundation of becoming a bitcoiner was laid.
All good. It’s a pretty amazing thing that people with such different views on the role of the government can still both be Bitcoiners 😊
When you remove the control of money from the government - the government will begin to work for the people. That’s where bitcoin comes in (and in many other uses) And I think we both agree on that.
I’d say that’s fair. But the government still has a critical role in providing public goods in my view, even on a Bitcoin standard. Otherwise, we’ll all live in little enclaves and charge each other sats to use our private roads. No thank you