4 ms·

> It’s theft like taxation is theft: it’s not. Taxation is also theft. > If you don’t believe the value of existing money should go up then you agree the mone

> It’s theft like taxation is theft: it’s not. Taxation is also theft. > If you don’t believe the value of existing money should go up then you agree the money supply must expand to match economic growth and population growth. The unit of exchange (money/currency) should remain relatively constant. That's the point. Maybe it will go up some, maybe it will go down some, but having it manipulated for the profit of large banks is theft. It's a complete perversion of free market banking and benefits the few over the many. > 100% avoidable through investment Not true, unless you're talking about investing in financial instruments. Investing in almost anything else subjects you to property taxes almost everywhere.

arcticbull 7y ago
> Taxation is also theft. Aw you’re one of those! It’s all starting to make sense. https://www.newyorker.com/humor/daily-shouts/l-p-d-libertarian-police-department?verso=true https://www.newyorker.com/humor/daily-shouts/l-p-d-libertari... I sure hope you don’t need the army, police, schools, fire, water, roads, air and so on. Most adults came to realize at some point that some things need to be provided as a group, and they’re not free. For those everyone has to pony up. If you don’t want to pay taxes there’s a few countries you can do that in but in most paying taxes is social contact: it’s a take all the benefits and pay taxes, or leave to a society with a contact you view more amiable. > unit of exchange should remain relatively constant. Well if I have 100 people and my economy had $100, and Steve has $20 of them, then Steve invented the steam train and 100,000,000 more people show up then the value of my dollar has gone up millions of times over and Steve is now the single wealthiest human on earth even though he’s only got $20. To keep it stable I’d make more dollars. If you see how this works on the macro timescale you must see how it translates to the micro. > to the profit of the large banks We’re paying them to provide liquidity to the economy via lending and again they only make 1% on assets on deposit. It’s not the system you seem to think it is. > avoidable... You just have to factor that in to the investment minimum yield. This isn’t rocket science. You are not guaranteed a risk-free return on capital. To ease this Trump is considering indexing capital gains against inflation, another approach (which I wholeheartedly disagree with).
- linuxftw 7y ago
  > I sure hope you don’t need the army, police, schools, fire, water, roads, air and so on. Most adults came to realize at some point that some things need to be provided as a group, and they’re not free. For those everyone has to pony up. I'd be willing to pay for some of those. Lots of people have an inability to separate 'goods and services required for society' and 'government.' Society can have all of those things, there need not be a government and there need not be taxes. > paying taxes is social contact This is just an empty phrase used as propaganda. There's no such thing as a 'social contract.' Taxes are taken under threat of physical harm and death, always have been. > To keep it stable I’d make more dollars This has the presumption that you, or someone should be in charge of what money is worth. That should not be a function of the government.
  - arcticbull 7y ago
    > This is just an empty phrase used as propaganda. There's no such thing as a 'social contract.' Taxes are taken under threat of physical harm and death, always have been. Tell that to the judge haha > Society can have all of those things, there need not be a government and there need not be taxes. Yeah no, not really. > This has the presumption that you, or someone should be in charge of what money is worth. That should not be a function of the government. You’ve again completely ignored my point which is that your share of the value of the economy if the dollars in the system remain constant goes up by inaction. Maintaining a constant Value of the dollar as you yourself suggested requires active management. Once you agree on that we’re just chatting degrees.
    - linuxftw 7y ago
      > Maintaining a constant Value of the dollar as you yourself suggested requires active management I don't think that it requires any management. If the value of a currency increases, then the ratio of currency to goods decreases. If a currency became so valuable that people can't trade with it, they'd trade with something else.
      - 7y ago

arcticbull 7y ago

> Taxation is also theft. Aw you’re one of those! It’s all starting to make sense. https://www.newyorker.com/humor/daily-shouts/l-p-d-libertarian-police-department?verso=true https://www.newyorker.com/humor/daily-shouts/l-p-d-libertari... I sure hope you don’t need the army, police, schools, fire, water, roads, air and so on. Most adults came to realize at some point that some things need to be provided as a group, and they’re not free. For those everyone has to pony up. If you don’t want to pay taxes there’s a few countries you can do that in but in most paying taxes is social contact: it’s a take all the benefits and pay taxes, or leave to a society with a contact you view more amiable. > unit of exchange should remain relatively constant. Well if I have 100 people and my economy had $100, and Steve has $20 of them, then Steve invented the steam train and 100,000,000 more people show up then the value of my dollar has gone up millions of times over and Steve is now the single wealthiest human on earth even though he’s only got $20. To keep it stable I’d make more dollars. If you see how this works on the macro timescale you must see how it translates to the micro. > to the profit of the large banks We’re paying them to provide liquidity to the economy via lending and again they only make 1% on assets on deposit. It’s not the system you seem to think it is. > avoidable... You just have to factor that in to the investment minimum yield. This isn’t rocket science. You are not guaranteed a risk-free return on capital. To ease this Trump is considering indexing capital gains against inflation, another approach (which I wholeheartedly disagree with).

linuxftw 7y ago
> I sure hope you don’t need the army, police, schools, fire, water, roads, air and so on. Most adults came to realize at some point that some things need to be provided as a group, and they’re not free. For those everyone has to pony up. I'd be willing to pay for some of those. Lots of people have an inability to separate 'goods and services required for society' and 'government.' Society can have all of those things, there need not be a government and there need not be taxes. > paying taxes is social contact This is just an empty phrase used as propaganda. There's no such thing as a 'social contract.' Taxes are taken under threat of physical harm and death, always have been. > To keep it stable I’d make more dollars This has the presumption that you, or someone should be in charge of what money is worth. That should not be a function of the government.
- arcticbull 7y ago
  > This is just an empty phrase used as propaganda. There's no such thing as a 'social contract.' Taxes are taken under threat of physical harm and death, always have been. Tell that to the judge haha > Society can have all of those things, there need not be a government and there need not be taxes. Yeah no, not really. > This has the presumption that you, or someone should be in charge of what money is worth. That should not be a function of the government. You’ve again completely ignored my point which is that your share of the value of the economy if the dollars in the system remain constant goes up by inaction. Maintaining a constant Value of the dollar as you yourself suggested requires active management. Once you agree on that we’re just chatting degrees.
  - linuxftw 7y ago
    > Maintaining a constant Value of the dollar as you yourself suggested requires active management I don't think that it requires any management. If the value of a currency increases, then the ratio of currency to goods decreases. If a currency became so valuable that people can't trade with it, they'd trade with something else.
    - 7y ago