Post
Topic
Board Bitcoin Discussion
Re: 100% Bitcoin will be denied
by
acoindr
on 23/08/2013, 00:29:49 UTC
Ok, still you have not replied to my question! I don't understand the assumption taxes=evil ...

It's quite simple. Who do you trust to spend the money in your pocket better, you or the government?

Governments are inefficient. The bigger they are the more inefficient they are. I'll list three quick examples from the top of my head. The DMV. Do you think the DMV could be run more efficiently by government or private companies? I'm not saying private companies should do it, I'm asking about efficiency.

How about FEMA... For Hurricane Katrina FEMA eventually decided to melt thousands of pounds of ice stored at a cost of $12.5 million after trucking it thousands of miles south then back north finding that much wasn't needed.

What about the VA? I'm not a veteran but I've heard terrible things about the service there. Wouldn't more be expected of a First World country that holds the world's reserve currency and a multi-trillion dollar economy?

Another example is the government paying $16 per muffin for conferences.

Last, Detroit has some of the highest property taxes in the country. How are they doing? I could go on and on.

This is what happens when costs are not tied to actual market values and the natural regulators of free market forces. If people are free to pay only for what they deem valuable then those items will be up to scratch or not exist at all.