Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire - page 4.

msarro

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Quote from: DashingAgent on January 13, 2020, 11:43:13 PM

Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire

Just listened that UK new pm has increased the wages of UK employees a few cents per hour, Laughed. When the wages will be small, how you may claim that bitcoin may hit $100K or even a million? People only invest a portion of their money in Crypto, And the government pays a very small amount around $11/per hour. Can this small amount make bitcoin to hit over 100K or a million USD?

If these governments want to make their people rich, they could increase their wages to upto 10 times, around $100/per hour. When wages will be high, more amount of money could be invested in Crypto.

I hate this, even programmers are forced to work in less budget. When dollars and other currencies are free to be printed and their value will not be reduced even if they are printed a lot more, then which ant is enforcing and stopping the governments to force their employees to work in a low budget?

FYI bitcoin has touched its ATH of 19000$ with same wages.
There are countries were wages are too low as compared to USA UK, even then bitcoin is revolving around 9k$. Bitcoin is invented to have controlled inflation rate and demand/supply will drive its price.

crossabdd

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so, will it still work for a small wage, or enter the crypto world, with more than 10x the opportunity to pay. crypto does not refer to small or large employee wages. I think, most crypto investors are from entrepreneurs. the other small part are employees. so it has no effect. the increase in crypto is based on demand and supply. as of today, millions of employees still have a small salary. but look, !! bitcoin prices keep going up. crypto remains up. so it can't be used as a reference.

Janation

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Quote from: breathlessz on January 17, 2020, 09:00:43 AM

if a country is prosperous for all people, it is possible to import power from abroad, and it may be that the imported power will have high tariffs in the prosperous country. but I think it is difficult to reduce poverty to 0, even in developed countries is difficult

There is no way you can stop poverty.

That proof of it is that because we are all human. We want to be atop of all of the people and no one wants to be at the equal footings as the other one. As long as economy is existent, poor people will do too, poverty can't be killed. Even if it is the most richest country in the world, the sign of poverty will always be there. If a country will just increase the wage, let's say 10 times more, don't you think that the people will just take advantage of it and stay like that for the rest of their lives? They will not be productive and that will stabilize the production making the country late in development.

kodtycoon

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there are many types of jobs in the world and every country is different and not all countries or governments will treat their citizens the same as other countries' policies. so i don't think it's something that can be equated in every country and there are still many other big investors who can afford to make the price of bitcoin soar, if everyone can afford to invest large amounts in the crypto market, then of course that won't happen. remember, there are poor people, simple people, rich people, and even higher

blckhawk

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Everyone could be a millionaire but there's no guarantee that the a million of a fiat has any significant value. Also, if all people would be rich, then there's no manpower to do the hard jobs that are essential, such as farming for food and construction works. Such situation would only just cripple the needs of the people themselves.

Also, stop thinking that cryptocurrencies are the way to become rich. That is conpletely wrong. It is not meant to be a get-rich scheme, it doesn't even meant to be holded either, but to replace traditional currencies. Also, its volatile market makes it also a higher risk investment that won't guarantee you getting rich. Get your beliefs corrected.

vintages

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Bitcoin is not suppose to be a scheme of make money and become rich but there seems to be a degree of truth in what you said. Anyone who totally depends on their government will find it very difficult to survive nor make a standard living. Gone are those days where one will need to toll harder to make a living. The Internet is making things way easier than before.
Moreover, it's more like almost all the government dislike seeing people making a living through easy means. But still, Bitcoin is not "supposed" to make be rich.

ene1980

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Quote from: mindrust on January 17, 2020, 12:20:47 PM

That's what I am saying since the beginning.
Governments don't need millionaires. They need slaves.

The difference in financial disparity is needed for a country to grow and it is a fact and if we call it as slavery is disputable because everyone has equal opportunity to grow according to their skill set and if you are not in that category you need to accept your fate understanding your shortcomings.

Quote from: mindrust on January 17, 2020, 12:20:47 PM

Rich people are competing directly with the governments and creating more problems than they do good.
That's why they are taxing the shit out of you so you can never get rich. You can get rich only if you are smart and ambitious enough, means you are competing against your government and that means your government is your enemy.

There is a difference here, if you are a big shot billionaire with a big business background then the political system will bend for your, the main burden will fall on the working class and the white collar citizens where the governments leech the shit out in the name of tax, if you look at all the top multinational companies they will get all the tax exemptions all the time and not for the hard working citizens.

Quote from: mindrust on January 17, 2020, 12:20:47 PM

You are a good citizen only if you suck it up and live as a wage cuck till you die.

The system is designed to suck up everyone who is working hard and help the lazy in the form of grants and i am not expecting a change in that structure.

TheGreatPython

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I doubt they do it to keep us from investing into bitcoin, but they probably want people to not have enough money indirectly by wanting the rich to be richer which has nothing to do with crypto but still affects it. Think about it this way, if governments wants to get rich themselves or want their corporation friends to get rich, how will that be achieved? By not making the poor get better and making rich richer right? That looks like the only possible way at all.

So, that means people who live pay check to pay check will not be able to live comfortbly and that means they will not be able to invest in anything, not just crypto but not in stocks / gold or anything of value. So, in a way this sentiment is right, just not in a direct sort of way but kinda true in indirect ways.

mindrust

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Quote from: ene1980 on January 17, 2020, 12:08:08 PM

Quote from: mindrust on January 17, 2020, 05:51:34 AM

If everybody was a millionaire, Germany would go bankrupt in a year. (maybe not, but It is safe to say, the production would stop and a country like Germany would start eating up its savings which is pretty much the same thing as going bankrupt)

This situation will applicable with every country around the globe, if everyone is a millionaire then it will be difficult for any country to perform as there will be a lack of hard labour force which is important for the balance of the economy and that is the reason many countries are having capitalist mentality, if you are good at something you can make money if not you need to do the hard labour and survive and if there is a lack of labour supply they will import good labour and they will be willing to migrate as they are getting far better life, so it is a win win situation for everyone Wink

.

That's what I am saying since the beginning.

Governments don't need millionaires. They need slaves.

Rich people are competing directly with the governments and creating more problems than they do good.

That's why they are taxing the shit out of you so you can never get rich. You can get rich only if you are smart and ambitious enough, means you are competing against your government and that means your government is your enemy.

You are a good citizen only if you suck it up and live as a wage cuck till you die.

ene1980

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Quote from: mindrust on January 17, 2020, 05:51:34 AM

If everybody was a millionaire, Germany would go bankrupt in a year. (maybe not, but It is safe to say, the production would stop and a country like Germany would start eating up its savings which is pretty much the same thing as going bankrupt)

This situation will be applicable with every country around the globe, if everyone is a millionaire then it will be difficult for any country to perform as there will be a lack of hard labour force which is important for the balance of the economy and that is the reason many countries are having capitalist mentality, if you are good at something you can make money if not you need to do the hard labour and survive and if there is a lack of labour supply they will import good labour and they will be willing to migrate as they are getting far better life, so it is a win win situation for everyone Wink

.

breathlessz

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Trphy.io

Quote from: Colt81 on January 17, 2020, 07:00:34 AM

Quote from: mindrust on January 17, 2020, 05:51:34 AM

Quote from: Yatsan on January 17, 2020, 05:38:21 AM

With regards to the topic, government wants it's people to be millionaire LOL, it means more tax and their countries average leaving will go up. No government want's their people to be poor because that will be a government problem.

Tell me why is Germany constantly importing migrants from the Middle East?

Countries need poor people. Poor people work for cheap.

Without the cheap work force, you won't be able to compete with the other cheap countries. Like China.

Germany knows this very well.

If everybody was a millionaire, Germany would go bankrupt in a year. (maybe not, but It is safe to say, the production would stop and a country like Germany would start eating up its savings which is pretty much the same thing as going bankrupt)

Indeed. The economy will be balance if a country has poor and rich people because if everybody in a country is a millionaire the economy of a country will crash that no one will make a business anymore and no consumers, that is why it is fine to the government if there are poor people in their country.

if a country is prosperous for all people, it is possible to import power from abroad, and it may be that the imported power will have high tariffs in the prosperous country. but I think it is difficult to reduce poverty to 0, even in developed countries is difficult

el kaka22

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I think it is more about redistribution and not about inflation. So, basically if you increase the wages and if you force some sort of monopoly rules and CEO rules etc, where no one in the whole company can make 50x more than the minimum wage or stuff like that, eventually you will cover the difference.

Definitely, they could go around that by giving people stock options for getting richer but hey at least they are not giving straight up cash and that means if the CEO wants to make money they have to make profits as well, which means they will work better as well instead of just firing people to make more money, firing many people will eventually result with company not being big enough and they won't profit enough.

So, the bigger the company and more the employee number, the more profit there will be and more profit CEO will make, instead of just millions of dollars out of doing nothing. Regulations are required when you increase the minimum wage, if you make it 100 dollars without doing anything else, you will have what you suggest but if you increase it to 100 but also have regulations to stop rich printing money and firing people etc etc so you can close the wealth gap, it will be fine.

Colt81

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Quote from: mindrust on January 17, 2020, 05:51:34 AM

Quote from: Yatsan on January 17, 2020, 05:38:21 AM

With regards to the topic, government wants it's people to be millionaire LOL, it means more tax and their countries average leaving will go up. No government want's their people to be poor because that will be a government problem.

Tell me why is Germany constantly importing migrants from the Middle East?

Countries need poor people. Poor people work for cheap.

Without the cheap work force, you won't be able to compete with the other cheap countries. Like China.

Germany knows this very well.

If everybody was a millionaire, Germany would go bankrupt in a year. (maybe not, but It is safe to say, the production would stop and a country like Germany would start eating up its savings which is pretty much the same thing as going bankrupt)

Indeed. The economy will be balance if a country has poor and rich people because if everybody in a country is a millionaire the economy of a country will crash that no one will make a business anymore and no consumers, that is why it is fine to the government if there are poor people in their country.

mindrust

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Quote from: Yatsan on January 17, 2020, 05:38:21 AM

With regards to the topic, government wants it's people to be millionaire LOL, it means more tax and their countries average leaving will go up. No government want's their people to be poor because that will be a government problem.

Tell me why is Germany constantly importing migrants from the Middle East?

Countries need poor people. Poor people work for cheap.

Without the cheap work force, you won't be able to compete with the other cheap countries. Like China.

Germany knows this very well.

If everybody was a millionaire, Germany would go bankrupt in a year. (maybe not, but It is safe to say, the production would stop and a country like Germany would start eating up its savings which is pretty much the same thing as going bankrupt)

Yatsan

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Quote from: sana54210 on January 17, 2020, 04:55:53 AM

Man, your topic, I don’t really get it. The government is not fighting against Bitcoin because they don’t want their citizens to be millionaires, it has to do with reasons that are completely far from that – the first reasons is because of crime, a lot has been said about BTC being used for crime. Bitcoin has become a popular method of transfer for those in the dark web. Another reason is fiscal policy –the government does not accept any currency that it cannot control.

There are lots of reasons why the government needs to have control over currency, first is avoiding inflation’s that are out of control, generating jobs, stimulating investments and spending, etc. Since bitcoin is decentralized, it’s not possible for them to control it, but they can still have partial control through centralized exchanges.

I think the first reason should be the tax, you cannot tax a freelancer or any individual that is using bitcoin as a mode of payment. Even the business that are currently using bitcoin, it's very hard to track it. Just mix your coins and it's all good. you are now invisible into the governments eye, but for business I think that would be risky.

With regards to the topic, government wants it's people to be millionaire LOL, it means more tax and their countries average leaving will go up. No government want's their people to be poor because that will be a government problem.

Duzter

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More the spending of money by the government to the citizens more will be the growth of the citizens. Very few countries around the globe spend perfect on the people from the earnings got from taxation. Through cryptocurrency investment it is possible to be a millionaire. Being a millionaire is really a hard task, but through cryptocurrency it is possible with the lucky ones.

sana54210

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Man, your topic, I don’t really get it. The government is not fighting against Bitcoin because they don’t want their citizens to be millionaires, it has to do with reasons that are completely far from that – the first reasons is because of crime, a lot has been said about BTC being used for crime. Bitcoin has become a popular method of transfer for those in the dark web. Another reason is fiscal policy –the government does not accept any currency that it cannot control.

There are lots of reasons why the government needs to have control over currency, first is avoiding inflation’s that are out of control, generating jobs, stimulating investments and spending, etc. Since bitcoin is decentralized, it’s not possible for them to control it, but they can still have partial control through centralized exchanges.

Febo

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Quote from: avatar_kiyoshi on January 14, 2020, 09:49:50 AM

This thread should be move to Economy section.

This should be moved to idiotic section of forum.

Increase government spending will make people rich. LOL

Governments should collect less taxes and spend less money for their program. That is how should be and I believe it will be. So far governments power is only increasing over decades and centuries. It is time we reverse that.

Findingnemo

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Bitcoin = Financial freedom

Quote from: DashingAgent on January 13, 2020, 11:43:13 PM

Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire

Just listened that UK new pm has increased the wages of UK employees a few cents per hour, Laughed. When the wages will be small, how you may claim that bitcoin may hit $100K or even a million? People only invest a portion of their money in Crypto, And the government pays a very small amount around $11/per hour. Can this small amount make bitcoin to hit over 100K or a million USD?

If these governments want to make their people rich, they could increase their wages to upto 10 times, around $100/per hour. When wages will be high, more amount of money could be invested in Crypto.

I hate this, even programmers are forced to work in less budget. When dollars and other currencies are free to be printed and their value will not be reduced even if they are printed a lot more, then which ant is enforcing and stopping the governments to force their employees to work in a low budget?

Firstly, the wages depends on the demand of employee, even people are working for $6/day on third world countries simply because they are having more human powers which lacking the demand in nature. And the government has to bring employment to its citizens and also increase their economy's strength by increasing exports. Simply printing more money and giving them people has no effect.

Wexlike

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We have too much money in the worlds, that is why we have negative interest rates.

On the other hand, the big money players like governments or pension funds can not invest into crypto currencies efficiently yet. So the big run up to +$100k/coins will happen when institutional money starts to flow in after losing money for several years in a row by investing in the negative yield fields like state papers or other traditional vehicles.

Low wage is a problem for the average person, but please don't forget in what kind of luxurious times we life even for the regular people. We can freely communicate, buy stuff that we absolutely don't need, travel the world on a low budget.

We live better than kings just 200 years ago ( minus their real world power ).

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