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No. Your profit from trading bitcoins is someone else's loss. The amount wealth in society remains unchanged, only it's allocated differently. Total value add
by lottin 5y ago
No. Your profit from trading bitcoins is someone else's loss. The amount wealth in society remains unchanged, only it's allocated differently. Total value added = zero. A tax on profits doesn't add any value either, it's just an additional re-allocation of the same wealth.
- trevyn 5y agoThat’s not strictly true; some forms of capital allocation increase future productivity (and therefore future wealth) at a greater rate than others.