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Better yet, one could have completely private pension plans, where everyone is safe from both bureaucrats and kleptocrats.
by mkempe 9y ago
Better yet, one could have completely private pension plans, where everyone is safe from both bureaucrats and kleptocrats.
- s73ver_ 9y agoCongratulations, you've just invented the IRA.
- mkempe 9y agoIt's not completely private if bureaucrats tell you what you can or cannot do with it, as well as when you may do it, stealing from you if you step outside of their rules.
- gnaritas 9y agoCompletely private accounts are called savings accounts; governments aren't telling you what to do with your money, they're telling you what you have to do in order to avoid that money being taxed, IRA's offer you a benefit, that benefit isn't without strings. Smart contracts offer nothing here you can't already do easier.
- sethrin 9y agoUsing a broad definition of theft merely serves to raise the noise floor. Your definition of "completely private" seems like "free markets" or "perfect competition": that is, things which are free from government interference only in misanthropic delusions. As Jefferson explained, stable ownership is not a natural concept; that you are considered to "own" things absent direct physical possession is a function of society. We also collectively agree to believe in this thing called 'money', which is also not an inherent property of mankind. That society can dictate rights and rules about property is inherent to the concept of each.