Post
Topic
Board Economics
Re: Can Bitcoin End World Poverty?
by
Nalien
on 13/07/2017, 19:11:15 UTC
Poverty is a serious problem that has not been resolved for thousands of years, even in developed countries even though there is still poverty. Government policy is the main factor that can make poverty drastically decrease.
Government policy can help, but it will never be enough, then that is why some propose communism as the answer but it is not, we must accept the fact there is always going to be a uneven distribution of wealth and we must do our best to get our share of that wealth.

Governments will never let you live without taxation and they will put all the burdens on the poor people head and never let you grow in the society at all. If you bitcoin do investment or earnings via bitcoins. You may increase economical standard of yours. Corporates will rule the world ever in future not government at all.
If governments don't get on board people simply won't care anymore down the line. There's trillions in offshored money because people are unhappy with the way tax money is being used (wasted). If tax was more transparent and citizens had a word in what is happening with their money, they would not only be happy to pay tax, but those who are well off would even donate. If this doesn't happen however, people will simply pull most of their money out of the system.
This is one of the issues, people don’t feel their taxes are used in the way they want and for the purposes they care the most, this is why there are many that do their best to pay as little as possible when it comes to taxes this hurts the government but the truth is that governments of the world are simply too big.

I don't think that anything can really be too big. Governments can very well be rendered obsolete if they don't provide sufficient benefit to the public. At least on very long time scales. In reality I do believe that governments will get their shit together eventually. They don't make full/any use of the technological advances available that could connect them to the public in an efficient way right now, and probably won't for another decade.
In either case, I can play around any environment so I'm good. I just hope that the rest of the world will be able to live less stressful lives in the future.