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Financial traders are still buying and selling goods and services with a counterparty. Even here, we still can observe that in most cases (except those where g
by mowenz 9y ago
Financial traders are still buying and selling goods and services with a counterparty.
Even here, we still can observe that in most cases (except those where government interferes, or perhaps with organized crime) the counterparty is also enjoying a choice in whether or not they want to do the deal. I would argue that in cases where a counterparty has no choice, such a scheme should not be viewed as a legitimate busines, as it historically would not be.
- beaconstudios 9y agothat's basically the root argument of libertarianism - that forced transactions are unethical and thus taxation is theft. I'd still argue that a business does not have to provide a good or service to be considered a business though. The Medallion Fund that I mentioned solely exists to make money for its owners - it does not provide any goods or services.