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Topic: 2013-04-05 Bloomberg Btc Really "Existential Threat to the Modern Liberal State" (Read 4224 times)

newbie
Activity: 28
Merit: 0
why do i have to pay to be living on the planet I was born on.  Huh Angry

because the planet is owned by some folks only, not all.
legendary
Activity: 1764
Merit: 1002
Taxing land is probably the biggest rip-off since banks began. Ridiculous. "I own my house, but I have to pay a LAND tax every year."

Yeah, you 'own' your house, and the banks/govt 'own' you.

yeah, this is one of things that really rubs me raw.  i'm mortgage free too but yet these taxes on my own land keep going up.
legendary
Activity: 2408
Merit: 1121
Taxing land is probably the biggest rip-off since banks began. Ridiculous. "I own my house, but I have to pay a LAND tax every year."

Yeah, you 'own' your house, and the banks/govt 'own' you.
legendary
Activity: 1764
Merit: 1007
why do i have to pay to be living on the planet I was born on.  Huh Angry
sr. member
Activity: 255
Merit: 250
And as far as taxes, yes bitcoin can eventually lead to the elimination of transaction based taxation, but real estate taxes are pretty much inescapable so I foresee governments switching most taxes over to that. They will probably have to lower overall taxation though.

+1

Land tax is the super efficient and the only sensible way to tax. http://en.wikipedia.org/wiki/Land_value_tax#Efficiency
newbie
Activity: 28
Merit: 0
member
Activity: 84
Merit: 10
let's try that then

OK.  You're right.  Consider yourself ignored, crap.
newbie
Activity: 28
Merit: 0
member
Activity: 84
Merit: 10
bloomberg = jewish

I suggest we cut the crap

We can't.  This forum doesn't work like that.  There's only the ignore button.
sr. member
Activity: 434
Merit: 252
youtube.com/ericfontainejazz now accepts bitcoin
PMed the OP. Hope he changes the DATE!

I fixed the title...sorry I didn't know the policy.  I've disconnected from bitcoin forums for 1.5 years.
newbie
Activity: 28
Merit: 0
bloomberg = jewish

I suggest we cut the crap
legendary
Activity: 980
Merit: 1029
PMed the OP. Hope he changes the DATE!
WiW
sr. member
Activity: 277
Merit: 250
"The public is stupid, hence the public will pay"
Favourite part of the piece:

Quote
And by displacing governments as currency issuers, Bitcoin also threatens their ability to finance public debt. In a world where many transactions are anonymous, it’s unclear how governments could even compile accurate economic data, without which macroeconomic policy is impossible. Economic depression in a Bitcoin regime could be an insoluble problem.

 Cheesy Cheesy Cheesy
member
Activity: 84
Merit: 10
I really don't like the headline because it will tend to make liberals be opposed to bitcoins when they should be welcoming it.


If one were to draw a Venn Diagram of the points of intersection between Liberals, Progressives, Anarchists, Libertarians, Conservatives, and Teabaggers, bitcoin might be the only point of intersection.

Maybe beer...
sr. member
Activity: 382
Merit: 253
I really don't like the headline because it will tend to make liberals be opposed to bitcoins when they should be welcoming it.

And as far as taxes, yes bitcoin can eventually lead to the elimination of transaction based taxation, but real estate taxes are pretty much inescapable so I foresee governments switching most taxes over to that. They will probably have to lower overall taxation though.
hero member
Activity: 490
Merit: 500
... it only gets better...
"Liberal State" is an oxymoron.
legendary
Activity: 1148
Merit: 1008
If you want to walk on water, get out of the boat
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3. Macroeconomic policy:A Bitcoin economy would undermine the power of real-world central banks to make monetary policy.
Given how the real-world central banks are ruining the economy with their monetary policy, this is a big REASON to use bitcoin! Undermining banks that steal funds to cypriots? Hell, YEAH  Angry
member
Activity: 88
Merit: 10
The state will never go away completely.  Have a massive haircut?  Probably.  But it will never go away.  Nature abhors a vacuum and a power vacuum in society is one of the fastest that gets filled.  This makes it that much more important to hold the government accountable and to replace the clowns in government when they start (continue) to break the laws that govern them.

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1. Taxation: How do governments collect taxes on transactions in Bitcoin?

The same way that Walmart and your employer collects taxes on cash transactions.  Bitcoin will just prevent the money you already have from being confiscated without your approval.  It doesn't mean that you can't be thrown in jail for not paying your taxes.  (Not that I really agree with the level of taxes currently in force....)

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2. Police:It would be almost impossible for states to detect certain crimes.

With the right incentives and disincentives in the law, it won't really matter what monetary system is in use.  Unfortunatly, there is always going to be some crime that goes unpunished.  This is true even in an authoritarian dictatorship.  It is more a question of holding crime down to a reasonable level given the freedoms that we have and are (supposed to) be guaranteed by the Constitution of the United States.  The only alternatives that would make crime noexistant is for everybody to be dead or in jail or there to be no law at all, and none of these are attractive.

Quote
3. Macroeconomic policy:A Bitcoin economy would undermine the power of real-world central banks to make monetary policy.

That's the real point.  This is what it appears that Bloomberg is really worried about.  "They are going to take away my money printing tools!"  Good.  Then they will have to actually work for once instead of just leaching off of the hard work of everybody else.

Also, in the spirit of kiba I add: DATE!  Also, https://bitcointalksearch.org/topic/guidelines-for-press-board-76487
legendary
Activity: 980
Merit: 1029
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