cwhiz
Joined 6 years ago
Joined 6 years ago
Every Bitcoin represents 100,000,000 tradable assets. If there are 30,000,000 Bitcoin in circulation that means there are 100,000,000x30,000,000 individual assets available to hold and trade. Do the math, and then realize that we’ll arrive at the heat death of the universe before Bitcoin is ever actually scarce.
I think the issue that most non-US citizens fail to realize or comprehend is that most people in America don't pay any tax at all. The labor participation rate is 61.5% and then half of the people that do work still don't pay any effective taxes due to all the credits and deductions. A minority of earners support the entire tax base.
...and then, of course, we frivolously waste the revenue we do generate.
You said it’s not a spending problem, but it sure seems like a spending problem, no?
https://www.nytimes.com/2017/12/28/nyregion/new-york-subway-...
And we get rickety subway service and piss stained stations that make you feel as if you’ve traveled in time back to the 80s.
How much does Germany spend per year on rail?
Proceeds to list things that we spend and invest unnecessarily on.
We have a subway system in NYC. Run by the MTA. A bloated and incompetent organization that needs a billion dollars to extend a subway line a single mile, and will routinely spend hundreds of millions of dollars on unnecessary bridge painting and other shenanigans.
There’s a reason we don’t have nice things, and it’s not because our taxes are too low.
Edit: It is actually $3.5 billion for a mile.
Trying to raise the rates higher is insane. We have a spending problem, not an income problem.
Not to mention that the timing of this is just absurd. Everything that makes NYC great has been closed for a year. The next mayor wants people to pay more, but won’t commit to reopening the city? Why would the “rich” stay? Why would anyone stay? For the trash, and piss?
Link me some examples. There are so many that it cannot be counted, and so surely it should be easy for you to send me a dozen examples.