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RE: ADSactly on ADSACTLY - Money Velocity

in #adsactly7 years ago

Money as currency created by a country is the way to create and continue the flow of goods , services and infrastructure creation.
Sadly, the only way this is possible in western Democratic society is by taxation of the population. The unfair way the tax system works is the result of corruption in the government but even then money is allocated by the government to get everyone a road to drive on, water in the pipes and social support for the weak. The only way to stop and change the reality of things right now is to stop consuming debt because the service of debt is what lines the pocket of the unproducing members of society. Sadly most of us still live mainly on debt and to stop living in debt will stop the flow of the money - bringing chaos, war and anarchy.
Crypto currency is currently a disruptive of consumption that has not yet consolidated and by the looks of it the long term effect of crypto will be the disappearance of cash money. This will make taxation much more effective and could even make it fair. Hopefully nothing will stop this crypto revolution and we will all live in a world that fair. Just remember fair doesn't mean kind or nice....
Thank you for this informative and eye opening post

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