this pandemic have made me do research on things i never tought before economy

Paycoinzzz

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Quote from: cryptoboss2020 on November 25, 2020, 07:25:22 PM

The solution: possible solution is highest taxes we ever seen in life.
According to all calulations analysis and mathematics the high taxes are only solution keep fiat currency alive.

i might be wrong but let me know guys.

It is one way, but it will greatly affect the development of businesses in the long run, even the high tax will make many businesses go bankrupt because they cannot afford to keep the business. their. This is how many governments use it, and it always has a big drawback.
So before the government implements this high tax policy, big businesses are looking to Bitcoin to prevent inflation. MicroStrategy again suggested spending $ 400m to buy Bitcoin and hold it for five years, i find this a much smarter strategy. Grin

Link to news: https://www.microstrategy.com/en/company/company-videos/microstrategy-announces-proposed-private-offering

AicecreaME

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Indeed. This pandemic crisis really paved way to discovering new things and going out of our comfort zone because of uncertain situations. It pushed me to research about the things i usually disregard prior to the occurrence of covid-19 virus. One of the best example is researching and exploring concepts and facts about the economy of each countries as well as global impact of the pandemic.

The pandemic has its blessings in disguise to some of us. In my case, I become more aware and updated about the relevant issues and problems that need to be addressed like taxation, unemployment, economic growth and decline, inflation, and value of money.

Fortify

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It's hard to know what you are even trying to say because it looks a bit non-nonsensical, but it looks like you read a bit about hyper inflation and decided that somehow every country in the world will be effected in such a way without any evidence to back it up. If you are going to come up with such a random hypothesis, it is better to explain how you came to that conclusion than ask other people to come up with the proof for you.

Silberman

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Quote from: uneng on December 01, 2020, 07:10:40 PM

Quote from: Silberman on November 26, 2020, 04:23:24 PM

This whole idea of taxing the rich is always well received by the masses but how are they going to do it? They can easily increase the amount that theoretically rich people will have to pay in taxes, but do you think they are going to sit down doing nothing while politicians pass this law? Of course not, they will use their influence to block such new taxes and even if they cannot do so they can modify the law enough to create holes in it and allow them to use those very same holes in the law to not pay those taxes, effectively making useless any attempt to tax them at an higher rate than what they are paying now.

In theory they say the riches are going to pay higher taxes, but in fact the middle class is the one going to be sacrificed, as always. The elites put the knife in government's and congress' necks and get all they want from them, but the middle class doesn't have the same *persuasion* power, while the poors (the masses) can't be charged by the state, as the leftwing needs their votes to maintain themselves ruling.
Leftists hate middle classes because they are the only independent force of a country, which built and conquered their patrimony by their own effort, it's the only class which offers resistance to government's abusive regulations and taxation policies.

That is what it always happens at the end, those that are poor cannot pay taxes and those that are rich are never going to pay the taxes they are due, so all falls on the middle class because they have too much to lose but not enough to avoid those laws, the problem is that sustaining a country by charging huge taxes to such a small section of the population is a big problem in itself because the bigger the taxes the bigger the amount of people that stop being middle class and become poor creating a vicious circle that eventually leads to a huge crisis as governments are unable to sustain themselves anymore.

kpierce77

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Actually there are several ways to control high inflation other than by imposing crazy taxes, such as if the rich want to spend their money to buy assets in the form of securities and others, so that the value of money will remain stable even though it is already low after the pandemic. regulations for buying securities through banks can also be done through the government by issuing letters for rich people with certain wealth values

Xinarae*

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The epidemic has affected the country's economy and the general public, the new year will see a lot of economic development. The government is taking much tougher measures to tackle the virus to improve the economy. The general public has suffered a lot and they have now learned to control it. In order to normalize the situation of the world economy, the industrial organizations have increased the amount of income in the welfare of the economy. Businesses that were closed have been reopened.

Furious 7

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Quote from: Inkdatar on December 01, 2020, 05:55:20 PM

This Covid 19 many people suffered and many are affected. Even our economy are at worst because of no income though these days government are starting to allow business to reopen as this will help economy to regain its revenue. During this pandemic many people comes into realizations about life, about the future and about the economy welfare. Good thing vaccine will comes out as announced in the news but no specific date when, hopefully early next year let's see what will happen.

We will start in 2021 the economy has started to open and develop in several businesses, therefore we will start earning as usual, but still that still needs a process the government has also held a meeting to remain their economy in this pandemic situation, we will pass this This is because we believe that the vaccines that have been delivered to the public can have a good impact after which they will be healthier in their fitness and be able to carry out various other activities.
Hopefully this can all get well soon.

bearexin

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Quote from: cryptoboss2020 on November 25, 2020, 07:25:22 PM

likely if we will open all world now then the currency might be hyperinflated.
So we cant open economics full around the world if we do that the fiat currencies will be like zimbawen dollars in one month.

Excuse me??? Huh

Did you read what you just wrote here cause I’m a bit confused? If we open up the economy then the currency might face hyperinflation? But, the economy and the currency has gotten pretty bad already because of the lockdown, so do you still think that the lockdown is a good thing to continue with? Countries that took the lockdown to an extra length happened to face worst, their economy crumbled.

In my country, just one month of lockdown and people can’t afford to buy good any longer lol. For me if you ask I’d say it’s best to open up the economy because things are tough already.

jaysabi

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Quote from: cryptoboss2020 on November 25, 2020, 07:25:22 PM

i found something interesting: likely if we will open all world now then the currency might be hyperinflated.
So we cant open economics full around the world if we do that the fiat currencies will be like zimbawen dollars in one month.

This doesn't make any sense and you haven't presented any source for people to independently assess whatever materials you came across. It sounds like whatever you read was from a crackpot conspiracy theorist or you grossly misunderstood whatever was being discussed, because there's no reason that opening the economy would cause hyperinflation. If nothing else, it would bring back economic activity to help support all the fiat currency that has been created during the pandemic. Hyperinflation is possible, but not because the economy is opened up.

Zanab247

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Many people find their self doing so many things during the pandemic, that collapse so many countries economy, that is causing hardship in the country. Many people carry out research to know when the covid-19 will be end in the country for many people to resume their daily activities in the country.
Many people use the opportunity to join bitcoin platform to Know more about bitcoin investment in the forums.

pankowri

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Quote from: cryptoboss2020 on November 25, 2020, 07:25:22 PM

so yesterday i did some research was reading also some educational things.
i found something interesting: likely if we will open all world now then the currency might be hyperinflated.
So we cant open economics full around the world if we do that the fiat currencies will be like zimbawen dollars in one month.

The solution: possible solution is highest taxes we ever seen in life.
According to all calulations analysis and mathematics the high taxes are only solution keep fiat currency alive.

i might be wrong but let me know guys.

For any issues, case study always shows us something special which we need to work for. Likely, it is hard to open the economy fully by force because of pandemic but we have to continue it. Then the government forcibly imposed more taxes on our daily commodities for continuing the economy smoothly. Without following this way, government can't think a lot option because of pandemic to continue the fiat currency.

In this theory, rich people can pay it easily but what about middle class or lower class. It is not a proper solution for them. They will face many problems if the system forcibly imposed it.

uneng

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Quote from: Silberman on November 26, 2020, 04:23:24 PM

Quote from: shield132 on November 26, 2020, 10:21:03 AM

Biden's proposal is to set higher taxes on rich Americans. There is a logic behind his words. If we set high taxes on everyone, then poor people just will not be able to resist the pressure and they may won't survive or there will be robbery and stealing because these people need food to stay alive. If we only set high taxes on rich people, they'll still live the good life but with a little bit less money and I think that should be okay.

If we open the whole world - there will be "hyperinflation"
If we close the whole world - there will be what? Anything better than hyperinflation? Closing the world = mental problems, i.e. more death because of it, destroyed economics and businesses, it's like committing suicide and in case of hyperinflation, we can still survive, see Germany as the example of it, they had enormous hyperinflation back in 1920 but built the strongest economics.

I agree with Baiden here. Just see Jeff Bezos, a person who become even richer during pandemic decided to cut down the rates for amazon affiliates, how fair is it?

This whole idea of taxing the rich is always well received by the masses but how are they going to do it? They can easily increase the amount that theoretically rich people will have to pay in taxes, but do you think they are going to sit down doing nothing while politicians pass this law? Of course not, they will use their influence to block such new taxes and even if they cannot do so they can modify the law enough to create holes in it and allow them to use those very same holes in the law to not pay those taxes, effectively making useless any attempt to tax them at an higher rate than what they are paying now.

In theory they say the riches are going to pay higher taxes, but in fact the middle class is the one going to be sacrificed, as always. The elites put the knife in government's and congress' necks and get all they want from them, but the middle class doesn't have the same *persuasion* power, while the poors (the masses) can't be charged by the state, as the leftwing needs their votes to maintain themselves ruling.
Leftists hate middle classes because they are the only independent force of a country, which built and conquered their patrimony by their own effort, it's the only class which offers resistance to government's abusive regulations and taxation policies.

biosupdate2020

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If you haven't heard of the brenton woods agreement I highly suggest taking the dive. A quick summary is that it was the deal that global governments made for rebuilding after WW2. They sat down and agreed to use the US dollar backed by gold to fund rebuilding and investment. Notice that I said "backed by gold".

Monetary value is stemmed much like other investment instruments. Supply and demand. Question is; what is the dollar backed by now? Lips sealed

Inkdatar

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This Covid 19 many people suffered and many are affected. Even our economy are at worst because of no income though these days government are starting to allow business to reopen as this will help economy to regain its revenue. During this pandemic many people comes into realizations about life, about the future and about the economy welfare. Good thing vaccine will comes out as announced in the news but no specific date when, hopefully early next year let's see what will happen.

BITCOIN4X

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Covid 19 is a real threat to anyone because this virus has killed thousand of people around the world. So far, my country has not implemented a second phase lockdown because most of the cases occur in densely populated areas which also have more access to the outside.
I really need to keep myself healthy and safe from viruses. My real job has caused me to leave home sooner than anyone else.

Today more and more businesses are reopening and this will make our country's economy even better.

Silberman

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Quote from: cryptoboss2020 on November 26, 2020, 05:35:55 PM

Quote from: Silberman on November 26, 2020, 04:23:24 PM

This whole idea of taxing the rich is always well received by the masses but how are they going to do it? They can easily increase the amount that theoretically rich people will have to pay in taxes, but do you think they are going to sit down doing nothing while politicians pass this law? Of course not, they will use their influence to block such new taxes and even if they cannot do so they can modify the law enough to create holes in it and allow them to use those very same holes in the law to not pay those taxes, effectively making useless any attempt to tax them at an higher rate than what they are paying now.

You are wrong here!!
The top richest elites dont pay fair taxes anyways.
The small enterprise owners will high taxes or even little bigger ones.

Dont forget rich play by different rules.

Okay, you as the small business owner you dont like that? Well but this the government and biden is there by elections.

And what population are now dominant??
The poor the unemployment so they like everything what the biden will do.

Not really I said that it is impossible or at least very difficult to force the rich to pay more taxes than what they are paying now and if they are paying zero taxes then most likely despite any new laws that are passed they will keep paying that very same amount, I am very aware that the rich play by different rules since they can move to different jurisdictions and pay no taxes in the process which is why this idea of taxing the rich is impossible unless all the governments of the world decided to change their laws at the same time to block any attempt of the rich to avoid taxes.

$crypto$

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Quote from: FanEagle on November 29, 2020, 04:46:43 AM

Well, I am not good at all these, so I can’t tell for sure. But sincerely I don’t see anything wrong with reopening the economy, except the fact that a lot of things have not been put in place. We should be more worried about what will happen to people if we reopen the economy because a lot of people are going to die, killed by the coronavirus.

I am saying this, though I know that some people are now starting to overlook the Covid-19, especially where I live where some people are seeing it as a fake news. Well, that’s the work of ignorance. A lot of them don’t even wear masks any longer, they just don’t care.

We have to be really big from the Covid-19 case so that it is even more free in opening the economy to its fullest, we know that this virus will not disappear at once, therefore slowly the economy may be slightly opened where people will continue their normal activities but still with the same protocol. applied it is the most important thing and of course the economy needs several processes in developing it.

Only people who do not care about their health always ignore Covid-19, they are stubborn people who do not follow government recommendations, but I see the media as ready with a vaccine that will be implemented soon whether this is effective or not, let's see.

CarnagexD

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Not so sure how to put it, but hyperinflation may not happen despite the current face of the economy. Why? It's because everyone is on the same dumpster now. And you open a country by the way to minimize damages caused by a catasthropic event,to allow more people to come over and spend their money on that particular country. That wouldn't be a viable solution in the case of COVID-19 because of course, traveling outside of your house already pose a great risk, what more would traveling outside the country will be?

magneto

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Quote from: cryptoboss2020 on November 25, 2020, 07:25:22 PM

so yesterday i did some research was reading also some educational things.
i found something interesting: likely if we will open all world now then the currency might be hyperinflated.
So we cant open economics full around the world if we do that the fiat currencies will be like zimbawen dollars in one month.

The solution: possible solution is highest taxes we ever seen in life.
According to all calulations analysis and mathematics the high taxes are only solution keep fiat currency alive.

What are you babbling on about?

Deflationary risks around the world right now is much more prominent than any significant hyperinflationary risks. Central banks around the world are trying to somehow circumvent the zero nominal bound for short term interest rates. They have plenty of room to maneuver upwards if there are any prospects of inflation.

Of course, there is a risk with widespread QE that inflation spirals out of control after the lockdown ends. But I think that it's very unlikely this will be the case with most advanced economies since inflation expectations have been so low over the past 2 decades. Definitely diversify into safe havens just in case, but I wouldn't bet on hyperinflation.

FanEagle

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Well, I am not good at all these, so I can’t tell for sure. But sincerely I don’t see anything wrong with reopening the economy, except the fact that a lot of things have not been put in place. We should be more worried about what will happen to people if we reopen the economy because a lot of people are going to die, killed by the coronavirus.

I am saying this, though I know that some people are now starting to overlook the Covid-19, especially where I live where some people are seeing it as a fake news. Well, that’s the work of ignorance. A lot of them don’t even wear masks any longer, they just don’t care.

Dragonfund

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You see, I was in cryptocurrency for more than a year and I never knew there are other economic reasons ( such as fundamental) that drive value of Bitcoins and altcoins until pandemic started in the Asian part of the world.
Covid-19 made me know how the traditional financial institution works, how they are move by economy and inflation including printing of more dollars.
Other education factors include racism, yes US experience one and I really learnt how we can be tolerate each other regardless 0f our differences. The hardship was real with covid-19 especially the third world countries.
Some countries are back to normal but businesses were heavily affected, this why we should all learn to be in peace, if there should be a world war |||, it wouldn't be funny for everyone in this world.

cuteness

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i think because of the lockdown happens in all country. the production of our daily needs is too slow and its effect will be an increase in the price of goods.

cryptoboss2020

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Quote from: Ayiranorea on November 28, 2020, 08:14:44 AM

The countries that has affected by the hard hyperinflation isn't caused out of any form of pandemic. This has happened as a result of corrupt politics, and policies that are aimed to make people suffer. This time the entire world has been facing the pandemic, and due to the shut down of industrial sectors there is lack of money flow.

Hyperinflation won't happen with any of the country upon the pandemic effect. Also increasing the tax is not at all a solution. The money into circulation has decreased a lot. There is a need for large volume of funds, because common people doesn't have any fund to use it. Maybe government need to issue loans and other ways of funding to increase the circulation in the market. This is the way to overcome hyperinflation than increase of taxes.

If Some Country banks taking in a large quantity of the foreign currency they also must issue the a lot loans and credit to re balance ammount of Foreign currency with local currency.

For example: United Kingdom*
Most Common : Property investment *
More Foreign currency they take in the more loans and credit they must issue with local currency.

raidarksword

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At the current pandemic we are right now putting high tax on people or businesses is not the solution because everyone are struggling with financial as well as business establishments are closing down due to the lockdowns wherein people are in the house most of the time. The solutions for these are putting good and well-planned interactions to deal with the country economy struggles and used some funds as a momentary solutions to deal with crisis. The government should be the first to help the people and not to put burden by putting high taxes on them.

iv4n

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Motivation comes from strange places! What drives you to learn more, to be more active on that field... For me that was crypto world itself! When I discovered crypto, I started understanding economy! It's always about making profit, and doing something with the profit (making more or making fun), zillion things to try, to learn about them... or simply said the world of new possibilities!
Now after many years I am definitely more interested in crypto based economy than in traditional economy, traditional economy is shady to the bonus. The more you learn about it, the more you will see it!

Ayiranorea

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The countries that has affected by the hard hyperinflation isn't caused out of any form of pandemic. This has happened as a result of corrupt politics, and policies that are aimed to make people suffer. This time the entire world has been facing the pandemic, and due to the shut down of industrial sectors there is lack of money flow.

Hyperinflation won't happen with any of the country upon the pandemic effect. Also increasing the tax is not at all a solution. The money into circulation has decreased a lot. There is a need for large volume of funds, because common people doesn't have any fund to use it. Maybe government need to issue loans and other ways of funding to increase the circulation in the market. This is the way to overcome hyperinflation than increase of taxes.

btc78

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Quote from: cryptoboss2020 on November 25, 2020, 07:25:22 PM

so yesterday i did some research was reading also some educational things.
i found something interesting: likely if we will open all world now then the currency might be hyperinflated.
So we cant open economics full around the world if we do that the fiat currencies will be like zimbawen dollars in one month.

Sorry but why not give your own opinion on Why would the Currencies be Hyperinflated in opeing the world?from what basis this comes from?

Quote

The solution: possible solution is highest taxes we ever seen in life.
According to all calulations analysis and mathematics the high taxes are only solution keep fiat currency alive.

i might be wrong but let me know guys.

So if you Put Higher taxes then Businesses will surely start to collapse as they are also affected of the situation?Maybe bring high taxes in some areas in which benificial in this crisis,because like Online businesses that really boomed this pandemic and also some gambling sites that Bagging Money without rightful taxes.

Karartma1

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Quote from: cryptoboss2020 on November 25, 2020, 07:25:22 PM

so yesterday i did some research was reading also some educational things.
i found something interesting: likely if we will open all world now then the currency might be hyperinflated.
So we cant open economics full around the world if we do that the fiat currencies will be like zimbawen dollars in one month.

The solution: possible solution is highest taxes we ever seen in life.
According to all calulations analysis and mathematics the high taxes are only solution keep fiat currency alive.

i might be wrong but let me know guys.

Why do you think people and companies have started accumulating all these bitcoin? When you choose hard money over fiat currencies you are already protecting yourself from any possible hyperinflation. Bitcoin can't be produced at will and there's a max cap to the supply.
You are right on one thing I guess: after the world will get past covid-19, the hamsters will have to start running like crazy again.
The ones who will have a few coins will have some insurance against the craziness of the government, the others are bound to be slaves to the wage for the rest of their lives.

Kong Hey Pakboy

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Quote from: proTECH77 on November 28, 2020, 01:09:49 AM

Many people lost their job during the pandemic that took over many months in the country. Many use the opportunity to learn so many online business that is helping them right now to do well in their businesse and to assist others to grow their online business which many people never aware of in the country until someone collect them to the site.
Many citizens use the opportunity to carry out so many research, to know how many online business are available in the online job, for them to apply and get something doing in the process of the lockdown. Many use the opportunity to join bitcoin platform to know more about digital currency, that many people are using to invest to make a good income.

Many people have temporarily lost their job during the pandemic because companies need to limit their employees that they can't give enough salary for all of their employees. It is why it's a great opportunity for them to start making online business or start selling goods through online because it is very hard to live everyday without enough source of income.

Chrystora123

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Quote from: TheGreatPython on November 28, 2020, 03:08:23 AM

snip..

Higher taxes are the only solution, I kind of agree because someone has to cover the damage and it has to come from the taxes but there needs to be encouragement from the government in small countries to help their low level entrepreneurs get back on their feet because as much as you want the taxes to be collected if the government can push small scale industries towards normality it would help their cause by a big margin.

thousands of businesses were impacted by this "PANDEMIC" but there were some businesses that made huge profits during this "PANDEMIC". imposing high taxes is indeed one of the best solutions but equalization should not be done, what must be subject to high taxes is business ventures that are not affected (even profit) during this "PANDEMIC"..

TheGreatPython

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Quote from: ?? on ??

Is the solution bill on heavy taxes we are to pay where by things have not been so good, workers hardly get paid out here in Africa as in Nigeria as whole. The crisis in Nigeria is way out of explanation. I keep saying this it's with the help of God intervention that things will come back to normal.

With the God's intervention or maybe with the government starting to do something for their country and people instead of just trying to win the elections and then do nothing. I still believe things can be improved in countries with dire situation if only the government and the citizens are on the same page and towards building their nation.

Higher taxes are the only solution, I kind of agree because someone has to cover the damage and it has to come from the taxes but there needs to be encouragement from the government in small countries to help their low level entrepreneurs get back on their feet because as much as you want the taxes to be collected if the government can push small scale industries towards normality it would help their cause by a big margin.

verita1

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Nor do I believe that high taxes can save the economy of some countries.
In this time of pandemic, conditions in each country are different and difficult because each one of them needs to produce and diversify their economy to prevent businesses from going bankrupt.
With the arrival of a vaccine against Covid19, it is a signal to turn on the engines to promote the rescue of the economy and will require plans that encourage the production of all economic sectors.

shoreno

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Quote from: Saisher on November 27, 2020, 10:45:06 PM

if you have a higher taxes then the companies will be compelled to raise the price of their good and services,

higher tax plus higher price of the products and services , what will be left to us ? that sounds that the value of our money will really get smaller and the one that will be affected here again are the small consumers or the poor people that dont have a huge wealth like the rich .

Quote from: Saisher on November 27, 2020, 10:45:06 PM

the idea that we should not open the economy is a bad idea if the government is implementing strictly the protocol the economy can be open so people can go to work make a living

strict protocol and going to work ? you are refering to covid19 arent you .he talks about taxes and inflation not the virus but virus is still there and opening the whole economy is still a bad idea without clearing things up .

proTECH77

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Many people lost their job during the pandemic that took over many months in the country. Many use the opportunity to learn so many online business that is helping them right now to do well in their businesse and to assist others to grow their online business which many people never aware of in the country until someone collect them to the site.
Many citizens use the opportunity to carry out so many research, to know how many online business are available in the online job, for them to apply and get something doing in the process of the lockdown. Many use the opportunity to join bitcoin platform to know more about digital currency, that many people are using to invest to make a good income.

nemey

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Catena X

With the pandemic, it has had a very big impact on the economic life of the world community and the greatest influence is felt by fiat currencies. I agree with your opinion, where if this problem does not immediately find a solution, then inflation will inevitably occur.

chip1994

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HEX: Longer pays better

Quote from: cryptoboss2020 on November 25, 2020, 07:25:22 PM

so yesterday i did some research was reading also some educational things.
i found something interesting: likely if we will open all world now then the currency might be hyperinflated.
So we cant open economics full around the world if we do that the fiat currencies will be like zimbawen dollars in one month.

The solution: possible solution is highest taxes we ever seen in life.
According to all calulations analysis and mathematics the high taxes are only solution keep fiat currency alive.

It is also a good way to prevent inflation, but it will not last forever because the amount of money printed on the economy remains the same and so even if the government holds a lot, the price of fiat money will be. has been devalued for a long time. So for me it makes more sense to use fiat money to buy some bitcoins to hold.
Bitcoin halving took place in June and most of the Bitcoin on Big exchanges like Bitstamp, Kraken, Okex, Huobi global have been withdrawn to their own wallets for storage and hold. This implies the current scarcity of Bitcoin, holding will be a more secure solution at the present time. What do you think about this strategy? I will greatly appreciate your serious opinion.

Saisher

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Quote from: cryptoboss2020 on November 25, 2020, 07:25:22 PM

so yesterday i did some research was reading also some educational things.
i found something interesting: likely if we will open all world now then the currency might be hyperinflated.
So we cant open economics full around the world if we do that the fiat currencies will be like zimbawen dollars in one month.

The solution: possible solution is highest taxes we ever seen in life.
According to all calulations analysis and mathematics the high taxes are only solution keep fiat currency alive.

i might be wrong but let me know guys.

I wonder where did you find that analysis, if you have a higher taxes then the companies will be compelled to raise the price of their good and services, and the idea that we should not open the economy is a bad idea if the government is implementing strictly the protocol the economy can be open so people can go to work make a living and not rely in the government subsidy, it's common sense not mathematical computation.

Salauddin1994

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Many countries around the world have opened lockdowns to improve their economies many people did not comply with everything during the lockdown so how can they comply with the hygiene rules after lifting the lockdown. It is not possible to intervene in all cases even if the government gives instructions that is why it is not possible to control the epidemic which is pushing the country's economy further down. Many people will not be able to pay taxes if taxes are levied on the people vaccines are the only right thing to do in economics and epidemic control.

debbradford

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Quote from: BIT-BENDER on November 26, 2020, 01:16:27 AM

My country is not in the second wave of lock down, the first lock down had thrust a spear into our economy heart so deep we are trying to recover, another pandemic lock down would be fatal for my country.
I don't know the solution to the economical problem caused by the pandemic, am still learning economy at a personal interest, but a raise tax that should be very unfair at this pandemic time, people are in lockdown and income would be affect by the lockdown a raise in it would no be possible.
I think lock down should not always be the solution for many country, but try pandemic management.

In my country not all obeyed the lock down rules. You can't manage those individuals that refuse to follow the laws. And there are too many like that.

Hydrogen

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Quote from: cryptoboss2020 on November 25, 2020, 07:25:22 PM

The solution: possible solution is highest taxes we ever seen in life.

To create solutions. We must first understand problems. How did we reach a point where desperation tax hike proposals became an option.

Many want to be a leader with ultimate answers on how to fix fiat from God. Few learn enough to know the problems and history which led to our current sad state of affairs.

The best method to fix fiat (and all other issues we face) is for us to do a better job understanding problems. Rather than blindly repeating talking points from the media. Better understanding problems is the only way to know if proposed options on the table are good or bad.

Twentyonepaylots

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That should go to the bottom of the list. You open a country when you want to minimize further damages caused by wars and whatnot, I can see that happening in the case of the pandemic too, but it would be reallyweird to do that when the world is slowly recovering. Nonetheless, heightening the tax is not the only solution should hyperinflation ensue after the planet opens itself. They can also divvy up the taxes and lower them a little bit to cover more people paying for it.

cryptoboss2020

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Quote from: darewaller on November 27, 2020, 02:04:50 PM

High taxes for high earners have been suggested by almost all democratic socialists in the world but it usually gets shut down very easily as well. When you have companies like amazon, facebook, google, wall street and so forth in USA and you do not charge them any federal tax at all and just let them grow in order to have big companies, that is the problem you will have and eventually they will accumulate all the wealth in the world while the regular people who work there have to ask for handouts from the government.

Amazon has over 10 thousand workers in one warehouse and in that same warehouse 1700 people applied for food stamps from the government, do you think that is a good business for your nation? I feel like paying zero federal tax and paying your workers so little that they have to get food stamps is a prime example of a bad business to have in my nation.

The many in USA are against the higher tax yes im sure.

darewaller

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High taxes for high earners have been suggested by almost all democratic socialists in the world but it usually gets shut down very easily as well. When you have companies like amazon, facebook, google, wall street and so forth in USA and you do not charge them any federal tax at all and just let them grow in order to have big companies, that is the problem you will have and eventually they will accumulate all the wealth in the world while the regular people who work there have to ask for handouts from the government.

Amazon has over 10 thousand workers in one warehouse and in that same warehouse 1700 people applied for food stamps from the government, do you think that is a good business for your nation? I feel like paying zero federal tax and paying your workers so little that they have to get food stamps is a prime example of a bad business to have in my nation.

cryptoboss2020

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Quote from: The Sceptical Chymist on November 26, 2020, 06:06:16 PM

Quote from: cryptoboss2020 on November 25, 2020, 07:25:22 PM

According to all calulations analysis and mathematics the high taxes are only solution keep fiat currency alive.

Don't know what calculations you did, but my gut has been telling me the same thing since about 2008 or so. All this money-printing, economic stimulus checks, quantitative easing, and everything else has to be paid for at some point (I'm talking about the United States here), and I can't see who else would foot the bill except the taxpayers. There's no free money; somebody's got to pay for all of this.

Quote from: shield132 on November 26, 2020, 10:21:03 AM

If we close the whole world - there will be what?

There will be massive revolt, since people generally don't like being locked up in their own homes by government decree. At least I hope there would be resistance to it, because the world economy can't survive if businesses are closed down, people are unemployed, and individuals get desperate.

Nor do I think any country needs to be locked down--the media has been filling our heads with stories about how lethal COVID-19 is, but I'm inclined to think they're exaggerating the danger. Fear sells. The doctors you see on the news are handpicked by the media to portray the grimmest possible picture of the pandemic. Believe me, they don't choose them at random.

I agree with you!!
Everybody expecting the dollar collapse but I belive its not really case here!
They rather put the high taxes on USA people.
With dollar collapse I dont mean dollar disapeare!!
I mean dollar big Fall just.

But im sure there is no question about that the taxes will go higher.

The Sceptical Chymist

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Quote from: cryptoboss2020 on November 25, 2020, 07:25:22 PM

According to all calulations analysis and mathematics the high taxes are only solution keep fiat currency alive.

Don't know what calculations you did, but my gut has been telling me the same thing since about 2008 or so. All this money-printing, economic stimulus checks, quantitative easing, and everything else has to be paid for at some point (I'm talking about the United States here), and I can't see who else would foot the bill except the taxpayers. There's no free money; somebody's got to pay for all of this.

Quote from: shield132 on November 26, 2020, 10:21:03 AM

If we close the whole world - there will be what?

There will be massive revolt, since people generally don't like being locked up in their own homes by government decree. At least I hope there would be resistance to it, because the world economy can't survive if businesses are closed down, people are unemployed, and individuals get desperate.

Nor do I think any country needs to be locked down--the media has been filling our heads with stories about how lethal COVID-19 is, but I'm inclined to think they're exaggerating the danger. Fear sells. The doctors you see on the news are handpicked by the media to portray the grimmest possible picture of the pandemic. Believe me, they don't choose them at random.

cryptoboss2020

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Quote from: Silberman on November 26, 2020, 04:23:24 PM

Quote from: shield132 on November 26, 2020, 10:21:03 AM

Biden's proposal is to set higher taxes on rich Americans. There is a logic behind his words. If we set high taxes on everyone, then poor people just will not be able to resist the pressure and they may won't survive or there will be robbery and stealing because these people need food to stay alive. If we only set high taxes on rich people, they'll still live the good life but with a little bit less money and I think that should be okay.

If we open the whole world - there will be "hyperinflation"
If we close the whole world - there will be what? Anything better than hyperinflation? Closing the world = mental problems, i.e. more death because of it, destroyed economics and businesses, it's like committing suicide and in case of hyperinflation, we can still survive, see Germany as the example of it, they had enormous hyperinflation back in 1920 but built the strongest economics.

I agree with Baiden here. Just see Jeff Bezos, a person who become even richer during pandemic decided to cut down the rates for amazon affiliates, how fair is it?

This whole idea of taxing the rich is always well received by the masses but how are they going to do it? They can easily increase the amount that theoretically rich people will have to pay in taxes, but do you think they are going to sit down doing nothing while politicians pass this law? Of course not, they will use their influence to block such new taxes and even if they cannot do so they can modify the law enough to create holes in it and allow them to use those very same holes in the law to not pay those taxes, effectively making useless any attempt to tax them at an higher rate than what they are paying now.

You are wrong here!!
The top richest elites dont pay fair taxes anyways.
The small enterprise owners will high taxes or even little bigger ones.

Dont forget rich play by different rules.

Okay, you as the small business owner you dont like that? Well but this the government and biden is there by elections.

And what population are now dominant??
The poor the unemployment so they like everything what the biden will do.

Silberman

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Quote from: shield132 on November 26, 2020, 10:21:03 AM

Biden's proposal is to set higher taxes on rich Americans. There is a logic behind his words. If we set high taxes on everyone, then poor people just will not be able to resist the pressure and they may won't survive or there will be robbery and stealing because these people need food to stay alive. If we only set high taxes on rich people, they'll still live the good life but with a little bit less money and I think that should be okay.

If we open the whole world - there will be "hyperinflation"
If we close the whole world - there will be what? Anything better than hyperinflation? Closing the world = mental problems, i.e. more death because of it, destroyed economics and businesses, it's like committing suicide and in case of hyperinflation, we can still survive, see Germany as the example of it, they had enormous hyperinflation back in 1920 but built the strongest economics.

I agree with Baiden here. Just see Jeff Bezos, a person who become even richer during pandemic decided to cut down the rates for amazon affiliates, how fair is it?

This whole idea of taxing the rich is always well received by the masses but how are they going to do it? They can easily increase the amount that theoretically rich people will have to pay in taxes, but do you think they are going to sit down doing nothing while politicians pass this law? Of course not, they will use their influence to block such new taxes and even if they cannot do so they can modify the law enough to create holes in it and allow them to use those very same holes in the law to not pay those taxes, effectively making useless any attempt to tax them at an higher rate than what they are paying now.

gantez

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Quote from: cryptoboss2020 on November 25, 2020, 07:25:22 PM

The solution: possible solution is highest taxes we ever seen in life.
According to all calulations analysis and mathematics the high taxes are only solution keep fiat currency alive.

i might be wrong but let me know guys.

Increasing tax tariffs IMO is no where near a solution. Such increase will bring more financial challenge to the people. The solution is to create job for the people first because many lots their job in the pandemic.

cryptoboss2020

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Quote from: usekevin on November 26, 2020, 02:17:58 PM

Quote from: cryptoboss2020 on November 25, 2020, 07:25:22 PM

so yesterday i did some research was reading also some educational things.
i found something interesting: likely if we will open all world now then the currency might be hyperinflated.
So we cant open economics full around the world if we do that the fiat currencies will be like zimbawen dollars in one month.

The solution: possible solution is highest taxes we ever seen in life.
According to all calulations analysis and mathematics the high taxes are only solution keep fiat currency alive.

i might be wrong but let me know guys.

Actually now the economic is open economy.Due to pandemic the economic of most of country was mostly in affected status.If the economy will be opened like before the pandemic, surely the price of fiat will move like a Zimbabwe dollar.So the government will make a pause in such condition to prevent the drop in their currency price.

correct i think

usekevin

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Quote from: cryptoboss2020 on November 25, 2020, 07:25:22 PM

so yesterday i did some research was reading also some educational things.
i found something interesting: likely if we will open all world now then the currency might be hyperinflated.
So we cant open economics full around the world if we do that the fiat currencies will be like zimbawen dollars in one month.

The solution: possible solution is highest taxes we ever seen in life.
According to all calulations analysis and mathematics the high taxes are only solution keep fiat currency alive.

i might be wrong but let me know guys.

Actually now the economic is open economy.Due to pandemic the economic of most of country was mostly in affected status.If the economy will be opened like before the pandemic, surely the price of fiat will move like a Zimbabwe dollar.So the government will make a pause in such condition to prevent the drop in their currency price.

cryptoboss2020

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Quote from: shield132 on November 26, 2020, 10:21:03 AM

Biden's proposal is to set higher taxes on rich Americans. There is a logic behind his words. If we set high taxes on everyone, then poor people just will not be able to resist the pressure and they may won't survive or there will be robbery and stealing because these people need food to stay alive. If we only set high taxes on rich people, they'll still live the good life but with a little bit less money and I think that should be okay.

If we open the whole world - there will be "hyperinflation"
If we close the whole world - there will be what? Anything better than hyperinflation? Closing the world = mental problems, i.e. more death because of it, destroyed economics and businesses, it's like committing suicide and in case of hyperinflation, we can still survive, see Germany as the example of it, they had enormous hyperinflation back in 1920 but built the strongest economics.

I agree with Baiden here. Just see Jeff Bezos, a person who become even richer during pandemic decided to cut down the rates for amazon affiliates, how fair is it?

well i think world leaders have enought experince to not repeat the prevous mistakes.

covid is new thing

shield132

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Biden's proposal is to set higher taxes on rich Americans. There is a logic behind his words. If we set high taxes on everyone, then poor people just will not be able to resist the pressure and they may won't survive or there will be robbery and stealing because these people need food to stay alive. If we only set high taxes on rich people, they'll still live the good life but with a little bit less money and I think that should be okay.

If we open the whole world - there will be "hyperinflation"
If we close the whole world - there will be what? Anything better than hyperinflation? Closing the world = mental problems, i.e. more death because of it, destroyed economics and businesses, it's like committing suicide and in case of hyperinflation, we can still survive, see Germany as the example of it, they had enormous hyperinflation back in 1920 but built the strongest economics.

I agree with Baiden here. Just see Jeff Bezos, a person who become even richer during pandemic decided to cut down the rates for amazon affiliates, how fair is it?

sheenshane

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Quote from: cryptoboss2020 on November 26, 2020, 09:27:48 AM

European is shut Down More then united states.

On the other thread, @stompix said, there's no plan of lockdown in the United States.

Quote from: ?? on ??

There will be no lockdown, even he is slowly abandoning that plan:
https://www.businessinsider.com/biden-national-shutdown-lockdown-says-he-wont-shut-down-2020-11
Reduce capacity in restaurants and pubs? That's no lockdown, that's a loldown.

In an instant, the government would think that the possible solution for the economic recession they have gone through is to raise the tax in order for them to gain back the amount they lose during the economic downturn due to lockdown. Hyperinflation IMO will not happen just because of the increase in taxes instead it will only veer off the community on their usual spending and may avert into a wiser attitude towards their assets and spending. Increasing taxes on basic commodities could be painful to the citizens.

I tend to agree with @davis196 posted above, that there is another way to resolve the issue like higher interest rates for it can also generate income for the banks and to the government in the long run.

cryptoboss2020

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Quote from: dothebeats on November 26, 2020, 09:18:25 AM

Given that a lot of helicopter money has been spread out over the course of 2020, there is a possibility that an aggressive inflation rate would prevail, though still far from hyperinflation IMO. The numbers aren't enough to pad the rates up, though it will be significant and the economic burden would be great, especially those below the middle income households that would suffer the most on high prices on necessities and other basic stuff. That said, if we are to open all economy, and assuming that COVID-19 is already at a controlled state, the economic aftermath would not be too great, but enough to pressure the governments to act accordingly to control the inflation.

European is shut Down More then united states.
I guess its becouse europe has even More problems with inflation and hyperinflation.

For example : italy

One thing is sure what ever the case might be the rich elite will secure their life first.

And rich elite have 3 golden tools
Economy, people, currency.
And yes there is too many problems like too high population.
Also the Venezuela its one of the worse country to be in elite knows all that troubles but Some peaces on the Chess board must be sacraficed in Order to save others.

The World is like buringing house its Buringing you save yourself or you try to save few in the Buringing house and you will die also.

Things have gone too far and there is no point to talk about going back to normal.
Save yourself and your family while you can and notice the fact that many Will die.

dothebeats

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Given that a lot of helicopter money has been spread out over the course of 2020, there is a possibility that an aggressive inflation rate would prevail, though still far from hyperinflation IMO. The numbers aren't enough to pad the rates up, though it will be significant and the economic burden would be great, especially those below the middle income households that would suffer the most on high prices on necessities and other basic stuff. That said, if we are to open all economy, and assuming that COVID-19 is already at a controlled state, the economic aftermath would not be too great, but enough to pressure the governments to act accordingly to control the inflation.

sunsilk

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Quote from: cryptoboss2020 on November 26, 2020, 07:34:23 AM

Also I think the taxes Will hit USA very hard
Becouse Every expert is predicting this and there is no other ways

From what I've been reading in the past, it is likely that there will be an increase in taxes on US but it's for some specific industries. IIRC, that's what I've read.

If it's not, the majority of the industries and everyone has to accept the increase. No need for experts on that matter, if the newly elected president has to implement the higher taxes then it will happen.

atjiat

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I am sure that the pandemic and quarantine are the reason that many people during this period received a lot of information that they can use in their later lives. I have acquaintances who have mastered other specialties, and some have begun to study cryptocurrency and trade with might and main. Perhaps you can't say that, but still there is a silver lining.

cryptoboss2020

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Quote from: sunsilk on November 26, 2020, 05:26:59 AM

Quote from: cryptoboss2020 on November 25, 2020, 07:25:22 PM

so yesterday i did some research was reading also some educational things.
i found something interesting: likely if we will open all world now then the currency might be hyperinflated.

Hyperinflated? it will only get into that if there will be a lot of batches for the printing made by the US government.

Quote from: cryptoboss2020 on November 25, 2020, 07:25:22 PM

So we cant open economics full around the world if we do that the fiat currencies will be like zimbawen dollars in one month.

Venezuela is also one known country that's dealing with hyperinflation.

Quote from: cryptoboss2020 on November 25, 2020, 07:25:22 PM

The solution: possible solution is highest taxes we ever seen in life.
According to all calulations analysis and mathematics the high taxes are only solution keep fiat currency alive.

i might be wrong but let me know guys.

That's what Biden has said and proposed to his citizens. We'll see the higher taxes once he's already in the position and I think that will happen immediately after the transition.

Also I think the taxes Will hit USA very hard
Becouse Every expert is predicting this and there is no other ways

jacafbiz

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It depends on the productivity of the country, the story of Zimbabwe and Venezuela that people like to point as an example of hyperinflation is because of low productivity. Both countries rely on natural resources and when there is a hit or low demand for these resources they country suffer, Venezuela is a good example, use to be a rich country until, oil price start to fall and coupled with sanctions from US. A productive nation will not have this issue unless the Central bank go insane

sunsilk

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Quote from: cryptoboss2020 on November 25, 2020, 07:25:22 PM

so yesterday i did some research was reading also some educational things.
i found something interesting: likely if we will open all world now then the currency might be hyperinflated.

Hyperinflated? it will only get into that if there will be a lot of batches for the printing made by the US government.

Quote from: cryptoboss2020 on November 25, 2020, 07:25:22 PM

So we cant open economics full around the world if we do that the fiat currencies will be like zimbawen dollars in one month.

Venezuela is also one known country that's dealing with hyperinflation.

Quote from: cryptoboss2020 on November 25, 2020, 07:25:22 PM

The solution: possible solution is highest taxes we ever seen in life.
According to all calulations analysis and mathematics the high taxes are only solution keep fiat currency alive.

i might be wrong but let me know guys.

That's what Biden has said and proposed to his citizens. We'll see the higher taxes once he's already in the position and I think that will happen immediately after the transition.

Ucy

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I guess they are anticipating a shortage in goods and services due to high demand from customers, or due to Increase in consumer's spending. Well, I'd encourage consumers to save more aggressively and work-harder to produce more goods/services(mainly local/home-made goods and services).

petyang12

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It is not the same as before. My country is not on lockdown and it is not the only solution that can be used to keep the fiat currency alive. How about those who don't know how to use gadgets then how will they get their payments?.

davis196

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Quote from: cryptoboss2020 on November 25, 2020, 07:25:22 PM

so yesterday i did some research was reading also some educational things.
i found something interesting: likely if we will open all world now then the currency might be hyperinflated.
So we cant open economics full around the world if we do that the fiat currencies will be like zimbawen dollars in one month.

The solution: possible solution is highest taxes we ever seen in life.
According to all calulations analysis and mathematics the high taxes are only solution keep fiat currency alive.

i might be wrong but let me know guys.

There will be some inflation for sure,but the US dollar and the euro will never crash into hyperinflation.
A better way for fighting inflation is to increase the interest rates,rather than raising taxes.
More people will start saving money in the banks,when they see a higher interest rate.The banks will keep bigger fractional reserves in the central banks and they will also buy more government bonds,which will help for reducing the quantity of all paper money in circulation.
Raising the taxes after a recession is a economical suicide...

BIT-BENDER

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My country is not in the second wave of lock down, the first lock down had thrust a spear into our economy heart so deep we are trying to recover, another pandemic lock down would be fatal for my country.
I don't know the solution to the economical problem caused by the pandemic, am still learning economy at a personal interest, but a raise tax that should be very unfair at this pandemic time, people are in lockdown and income would be affect by the lockdown a raise in it would no be possible.
I think lock down should not always be the solution for many country, but try pandemic management.

bits4books

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No, this is not the only possible solution. You will be surprised but a tax cut can give the same benefit in monetary terms as a raising. Why? Because the lower the tax the more people want to participate in the economy as an agent and not as a consumer. Local cafes and shops, new businesses, various useful services - their increasing number can give a total increase in the budget more than if you raise taxes for existing agents.
Raising taxes is the only way only if your grandmother praised the Communists, but no more.

cryptoboss2020

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so yesterday i did some research was reading also some educational things.
i found something interesting: likely if we will open all world now then the currency might be hyperinflated.
So we cant open economics full around the world if we do that the fiat currencies will be like zimbawen dollars in one month.

The solution: possible solution is highest taxes we ever seen in life.
According to all calulations analysis and mathematics the high taxes are only solution keep fiat currency alive.

i might be wrong but let me know guys.

Topic: this pandemic have made me do research on things i never tought before economy (Read 500 times)