Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Anyone advocating for more taxes has been watching too much MSNBC. It's not about feeling sympathy for people who have billions, it's about people thinking the government is their daddy.
Do you think billionaires are swimming around in a pool of gold coins or pallets of $100s? Nearly all of the wealth that people are complaining about is on paper. Jeff Bezos owns a bunch of Amazon shares. If you raise the capital gains tax, he'll just never sell those shares. If the capital gains tax was lowered however, he might sell those shares and invest that money in some other endeavor which could create millions of new jobs. I'm betting the guy who created Amazon is a lot smarter than anyone in the government.
Nearly all the wealth in the world is invested in companies and profits are reinvested in other companies to create more and more jobs. Taxes stifle growth. All taxes are a deterrent to economic activity.
The Government is not your baby daddy and the more money the government takes, the less economic activity, jobs etc.
Do you think billionaires are swimming around in a pool of gold coins or pallets of $100s? Nearly all of the wealth that people are complaining about is on paper. Jeff Bezos owns a bunch of Amazon shares. If you raise the capital gains tax, he'll just never sell those shares. If the capital gains tax was lowered however, he might sell those shares and invest that money in some other endeavor which could create millions of new jobs. I'm betting the guy who created Amazon is a lot smarter than anyone in the government.
Nearly all the wealth in the world is invested in companies and profits are reinvested in other companies to create more and more jobs. Taxes stifle growth. All taxes are a deterrent to economic activity.
The Government is not your baby daddy and the more money the government takes, the less economic activity, jobs etc.
That is not correct.
Remove all bridges and roads in all countries. Let me know which is harder on economy no roads no bridges
no canals. Or taxes that build roads bridges and canals such as the panama and the suez.
The correct statement is many taxes are ill conceived and they can hurt the economy.
The bridge/underwater car and train tunnel between Malmö and Copenhagen cost absolutely nothing for the taxpayers, it's all funded by loans that's paid of by a bridge toll, and that even includes a brand new artificial island.
https://sv.wikipedia.org/wiki/%C3%96resundsf%C3%B6rbindelsen#Finansiering_och_%C3%A4garskap
No English text unfortunately, there's a German site though for the speakers of said language.
But a nice picture I provide can.
And a train drivers view, starting with arriving at Malmö C and going underground Malmö with stop at two stations and then surfacing before entering the bridge and going on to Denmark.
I sometimes like to watch train driver view films just as a relaxation and this is one of them.
https://www.youtube.com/watch?v=LE_BlE4DxcA
You don't need taxes to build infrastructure.
Ahh the 108€ ($130) round trip toll bridge. Minimum wage worker in USA ($7.25/hr) would have to work over 2 days full time (17.9hrs) just for the privilege to drive across it. But if they buy online they can save 8€!
https://www.oresundsbron.com/en/prices
Should get one going to my house so those poor plebs don't come visiting! 'murika!
That's for one trip, if you go more frequently it gets cheaper. Or you could just take the train, 12 euro/ 14 bucks That's just two hours of work, you can probably manage.
And it's not like it was free before the bridge was built. The ferry wasn't exactly cheap for cars.
The bridge have increased the traffic fivefold and cut the traveltime not to mention the goods that can now go by train between the countries with all the benefits to the economy that brings.
And lastly, it's in my book just fair that the people who uses the bridge pay for the bridge. Why should the taxpayer collective in Denmark and Sweden pay for that?
Edited.
So if i take a chopper to work, have a private doctor, my gated community has private security and my kids have private tutors/fly to private schools then i shouldn't have to pay taxes that go for public roads, schools, healthcare? So you're telling me that way I can concentrate all my energy on accumulating more wealth while poorer folks have to fight for remaining resources? Wait are you sure they'd support that, no way, they'd actually vote for me to have lower tax rate then them? Ok how much do you think i'll be able to push it? What percentage of the overall wealth do you think i can accumulate before the system collapses? More importantly will the system show cracks before collapsing and how will those crack materialize? My security can probably hold back 100 pitchforks but i'd need private army if 1000s show up
