Quote from: RealBitcoin on October 10, 2015, 09:04:18 PM

Quote from: ngupowered on October 10, 2015, 08:46:11 PM

Quote from: RealBitcoin on October 10, 2015, 11:29:40 AM

Sorry but free market is the way to go: tiny or no regulations, and tiny or no taxes

Merriam-Webster defines "free market" as

" an economic market or system in which prices are based on competition among private businesses and not controlled by a government "

So, accordingly, to you denying the current paradigm to be a free market, in the US. for instance, where has the gov. stepped in and regulated prices for private businesses not subject to US. law?

I dont understand your question, but the dictionary definition is pretty spot on.
And thus you realize that every market is controlled, because every market is either regulated or taxed, or both. And both the tax & the regulation distorts its price.

Tell me a VAT or (GST) tax doesnt distort the real price of any item? Doesnt the income tax destroy the spending power of the workers, and thus create mal-investments in the economy and tons of worthless bureocrats?

The definition clearly states that if prices are not regulated and there is competition, there is a free market. So, according to you, where is the gov. regulating prices?

VAT and GST aren't really regulatory in nature since they are just a percentage added and are uniform; companies still (freely) set price on the underlying commodity.