Then why is the government in so much debt?
Because government can't tax more than people and businesses can earn. Besides that, there is an optimal level of tax rates which maximizes total tax revenues, and in most cases it is far below 50% (welcome Laffer curve)...
No, it's because they give away all their revenues and then some. It's
altruism, not capitalism.
It is a misapplication of vocabulary to characterize a system of collective theft from the Commons, i.e. a Tragedy of the Commons, as "altruism". Debt (even private debt) is always future taxation:
Sorry but NO - most of "our" countries debt is PRIVATE debt, this is the main problem, and it's completely unrelated to "state sponsored education" - the public debt of Germany or even Spain or Portugal is roughly the same as in the US, the problem are the fucking banks who go in debt to finance mortgages that fuel the housing bubbles and the households that go in debt for the most stupid and innecessary things (a new car, a new TV, new furniture, etc.).
The big difference between Europe's governments debt and US government debt is that Government money in Europe is mostly spent in public services and not in criminal wars.
You don't understand economics.
Private debt means an elevated level of commerce and thus tax payments pumped up by debt. When the debt write-down comes (which hasn't been allowed yet), then the government debts will skyrocket.
Also the interest rates have been held artificially low (see a
devastating chart) by the central banks. This is just allowing the aggregate debts and misallocation of capital and human lives to increase. When the interest rates go back up to normal levels, the debts of the governments are going to skyrocket in a runaway spiral to apocalypse.
Everyone in power knows this. They
are planning to confiscate all private wealth to pay for the write-down. Merkel lied to get elect, then immediately after federalized the German banks to the EU. It is going to be an all-for-one-and-one-for-all collapse. Everyone will pay their "fair share", hahaha. Stupid socialists deserve it.
You have no where to hide. Certainly
not Bitcoin.
You will pay dearly for having lived in that debt-based, state-sponsored socialism.
P.S. it ironic how Europeans comfort themselves with notions of how their governments are less rapacious. Hilter's government was also so caring in the beginning while it was printing money for universal health care. You all never learn your lesson about collectivism and always come back for sloppy seconds, thirds, fourths, ...
Government already taxes Bitcoin owners.
If you think the US government is going to tax Bitcoin owners directly (and not as part of an income tax or a sales tax), well then I'd like to hear how the constitutional requirement of apportionment is going to be dealt with.
Government is going to tax all the wealth to death (because of the 300+% unpayable total debt-to-GDP ratio for the world, plus the 45% technological unemployment between now and 2033 predicted by recent Oxford study), except the wealth of those who own the government-- topmost banksters. This is what massive debt failure is about. This is what can lead to Dark Ages. Because the socialism doesn't write-down the debt by taking it from the banksters (i.e. the most wealthy), rather it takes it from the bond holders, the depositors, and then on down the line until you reach Hitler's outcome of culling the weak to deal with the bankruptcy of the country and the cost of universal health care. Actually Hitler couldn't get oil with his self-printed (no Rothschild controlled central bank) dollars, thus the economy was going bankrupt. He had no choice but to wage war to go take the resources he needed to fund his social experiment of printing his own money and massive government spending.
You may call taxes various vile names as much as you please, but in any case this doesn't prove that government wouldn't be happy and ready to tax Bitcoin owners if there is such an opportunity. I think it is just a matter of time...
I'm not sure what you mean by that. Government already taxes Bitcoin owners.
If you think the US government is going to tax Bitcoin owners
directly (and not as part of an income tax or a sales tax), well then I'd like to hear how the constitutional requirement of apportionment is going to be dealt with.
I don't get either what can be difficult to understand here. If you get an income, you should pay an income tax. If you sale something, you pay taxes from the profits you make. As far as I know, currently no government collects taxes from an income or profit obtained in bitcoins (but can be wrong here).
Every US citizen owes capital gains taxes when they sell their Bitcoins. The IMF is floating ideas of a net worth tax for all westerners.
The G20 has written increasingly vigorous resolutions to coordinate to go after tax evaders.
All countries are kneeling down to comform to the USA's FATCA requirements coming into effect in 2014.
All the G7 have official plans on their government websites for bail-ins.
The Homeland Security in the USA is procuring 2714 tank-like armored vehicles and billions of rounds of hollow-point bullets over next 8-9 years (which are illegal in war by Hague Convention).
Etc, etc, etc. If you can't see the writing on the wall, you are blind.
