Quote from: strawbs on Today at 05:34:54 PM

Quote from: bitcoinPsycho on Today at 04:21:16 PM

I honestly don't mind paying my fair share of tax. Can't be greedy now. Just a heads up to all in the uk

I very much mind paying any tax to such fuckers, when instead the government could just print some more fiat from fresh air.

Of course, there is some validity to sentiments that governments have tendencies to be irresponsible and abusive with how they spend revenues/taxes, and I doubt that we are going to completely get rid of taxes - even if they go by some other name. Even consider citadels that attempt to be more responsible and minimum government, the more that any of those systems attempt to be realistic about the establishment of any kind of community, there ends up being costs that somehow need to be covered.. and I really doubt that we can either rely upon voluntary contributions or any benevolent contributors (the richer ones).. to pay for some of the needed public good things.. so yeah, we can bash government all that we like.. that's the easy part.

Regarding, your assertion that they can just print more money.. that's nonsense and you know it. It is already problematic ofr governments to be engaged in such irresponsible behaviors of printing beyond sustainability levels, and largely they have created some of their own issues - and surely some folks have argued that governments just devolve into this kind of situation no matter what when they have power over the printer... so calling for more money printing hardly makes any sense - even if it really does seem that governments hardly have any way out of the trap that they created for themselves in terms of if they really want to survive. how the hell do they actually stop printing or to tapper it... even if they say that's what they plan to do.. it is almost impossible to get out of the trap that they have created for themselves over the past 50 years or so.. and yeah.. it is a multi-generational problem that has been created and yeah surely there are quite a few undeservings who had disproportionately benefitted from such system.. and yeah even now, the beneficiaries of irresponsibility do continue to be Americans who receive money and the expenses are being more greatly borne by the whole world and further down the money chain (Cantillon effect).

Quote from: strawbs on Today at 05:34:54 PM

In fact, when a government can magically create money from nothing whenever it wants, it makes me question why I've been paying taxes my whole life.

Yes.. taxes is better than printing.. because it is at least some kind of an attempt to connect government value with some kind of production value.. and sure we can argue about the various kinds of taxes and that some tases are more unfair than others, but taxes seem to be way the hell more sustainable as a system than so much of the bullshit around debt.. that got worse in the 70s.. but does have roots that go back further than that.. and WW1 and WW2 were not exactly funded without debt.. but maybe it does not make a whole hell of a lot of sense to try to suss out the problems before the early 70s.. but we cannot exactly start from scratch either.. even though bitcoin is likely going to continue to create a lot of incentives for more responsible government action.. but even the incentives within bitcoin could take 50 years or more to sort out in ways that are broadly applicable.. and not without quite a few decently intense battles along the way... and sure there does not need to be bloodshed.. even though we know that negative aspects of change do not necessarily tend to get distributed in ways that are objectively fair.

Quote from: Torque on Today at 06:07:21 PM

Quote from: strawbs on Today at 05:49:15 PM

Quote from: tertius993 on Today at 05:41:25 PM

Quote from: strawbs on Today at 05:34:54 PM

Quote from: bitcoinPsycho on Today at 04:21:16 PM

I honestly don't mind paying my fair share of tax. Can't be greedy now. Just a heads up to all in the uk

I very much mind paying any tax to such fuckers, when instead the government could just print some more fiat from fresh air. In fact, when a government can magically create money from nothing whenever it wants, it makes me question why I've been paying taxes my whole life.

Because any government that attempted to do that would be rapidly facing hyperinflation. I don’t know about you but I wouldn’t want to live in a country like Weimar Germany or the Zimbabwe of a few years ago.

I hate to break it to you, but it's already happening. You've heard of "quantitative easing" right?

EDIT: you might also have heard it called "money printer go brrrrr"

The only difference between inflation and hyperinflation is the relative speed change.

You are exaggerating a wee bit too much again, Torque... some levels of inflation can be managed and even sustainable.. we had that for 100 years in the USA.. and sure, there are consequences and sure there is disproportionate beneficiaries and sure there is some smoke and mirrors going on.. but there surely are real considerable differences between something that has potential for sustainability versus something that goes out of anywhere kind of semblance of control.