You are viewing a single comment's thread from:

RE: Market update: January 18th 2018. According to several outlets, regulations of crypto currencies in South Korea will be decided today, thursday 18th January. AND south korean officials caught insider trading.

in #bitcoin7 years ago (edited)

One really hot piece of text this one my friend. Congrats.

The story of Robin Hood portrays a period in time where people paid about 20% in taxation. Anything above that and they wouldn't make it. Today however, things are different, and in countries like Norway, we pay up to 60% in taxes and fees combined. Imagine how incredible our lives could have been if we had private control over that extra 60%

That's good shit!

The real taxation however is usually higher if you include all sugartax, cartaxes and so on. And while we would be far better of keeping those lets say 60% for simplicity, the fact is that these 60% are funding a system that in reality works like an anchor. Now, try driving you boat with the ancor at the bottom, you might get somewhere, but it's really slow and takes a lot of energy.

This system is incetivising lazyness making it more difficult to find qualified workforce, and at the same time putting up big walls for aquiring real value. Like housing, their regulation, which is possible because the regulators are payed by this money, is somewhere between 10 and 30 times as expensive as if there where no regulations on housing. All included then. Even the complicated tax rules works like an anchor. Businesses beening forced to use a lot of capital and resources to comply.

In reality, the fact that we are still able to generate wealth, and improving life conditions for each other with this big anchor at our feet, is a great testimonial to our ability to create real value for each other. Really amazing.

Sort:  

Love the anchor analogy. That's exactly what governments are - anchors of human achievement.

Thanks for the input, brah!

Coin Marketplace

STEEM 0.20
TRX 0.25
JST 0.038
BTC 97555.31
ETH 3422.82
USDT 1.00
SBD 3.02