Yeah - NO.
Most responsible would be to abandon taxes and let the people themselves build a 'reserve' in whatever they personally think would be a good reserve.
Centralisation = misalagningment of resources, always.
A strategic reserve should be for scarce and critical assets like oil and gold. Commodities which can help the nation in case of an emergency.
nostr:npub15xqg2kz8qwy3gt3f04rjncyp4w9aludt2rgwhc30lfuftrm6d2msrd9rv7 proposed the Strategic Bitcoin Reserve (SBR), this makes sense as bitcoin has properties worthy of being in a strategic reserve but including other digital assets seems like a way for some projects to profit from the proposed bill.
What’s best for the USA (and the world) is the SBR, not a crypto stockpile. If it’s crypto stockpile or nothing, I rather have nothing.
Why? Most, if not all, crypto/digital assets will lose value or fail. If you’re going to put tax payer money to work, SBR is the only responsible choice.
#gn #plebchain #sbr #eo #bitcoin #btc
Discussion
I don’t mind SBR, I also don’t mind no SBR. SBR just artificially accelerates things.
Dropping taxes would be incredible, I don’t see it happening though.
Let’s assume all countries abandon taxes. What would be the best way local and federal governments pay their expenses?
They have to collect money on a voluntary base 😁
Then also, there can be fees like you pay to use a road.
Privatization of everything would solve all this Problems.
But hopefully this parasitic assholes just disappear when there's no money from other people to spend.
#BecomeUngouvernable
Tolls are tax on roads though. 🤔
Voluntary contributions are interesting, maybe those interested in fixing a public space (like build a park or improve sewer system) can donate as if it were a kickstarter project.
I’m all for smaller government. Just seems very hard to accomplish.
Tolls/fees are NOT TAXES.
You pay for a service, with a contract. You can go to court when the contract is not fullfilled.
You are not obligeg to pay, you can choose another road for example.
Only the people that use the service (i.e. 'this road') pay for it.
But most important:
MONOPOLIES ARE BAD.
They cause high prices paired with bad quality.
The state claims monopolies (roads, security, defense, courts and so on).
Without competition the outcome is always subpar.
That's why people live in gated communities.
They don't do this, because public service is good.
State and taxes always lead to missalignment of resources, ALWAYS.
Maybe you are intetested in the scool of austrian economics, if you want to learn more about this topics. Privatization is key to liberty.
'But the state lies in every tongue of good and evil; and whatever he says, he lies - and whatever he has, he has stolen' -- Friedrich Nietzsche
Tolls aren’t taxes, they’re fees for specific services. But calling them optional isn’t fully accurate when alternatives are limited. I’ve lived in an area where several tolls were the only convenient route (other than swimming).
Monopolies can harm competition, but public services like roads & defense are often natural monopolies. Privatization isn’t always better but I agree kits better to default that way.
Austrian economics is thought-provoking and I agree mostly with it, but blanket privatization isn’t a one-size-fits-all solution.
I tried to find balance in things. Rarely is one side ever 100% correct.
Agree to disagree.
I highly recommend the book "the privatization of roads and highways" by Walter Block.
I was astonished about all the solutions. I guess you would enjoy it, too. You seem pretty open-minded
💯
I’ll look for the audiobook. Honestly would never consider reading a book on the subject but now I’m curious to see what I’m missing. 🙂