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Showing 2 of 2 results by Mostyn
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Topic
Board Economics
Re: Reason we pay taxes and why we should
by
Mostyn
on 01/06/2018, 18:54:38 UTC
What happens if you are in a third world country and there is massive corruption? You pay taxes and there are no roads, schools, or any essential public utilities. What you do see is the politicians and their cronies getting richer. Would you still argue that everybody should continue paying taxes?

Couldn't agree more, plus when I think about even first world corruption, the politicians expenses' scandal in the UK springs to mind! True, taxes do fund positive projects which are beneficial to society as a whole, but the inefficiencies in public organisations are enormous and waste the wealth of the nation.

Thriving economys have always been driven by the light government touch, allowing commerce to thrive independently. High taxes hinder growth.
Post
Topic
Board Bitcoin Discussion
Re: Bitcoin have more risks than benefits?
by
Mostyn
on 30/05/2018, 10:33:02 UTC
I’m going to go out there and say that the benefits of Bitcoin far outweigh the risks.

Let’s say I take a week’s income and invest the lot, worst case scenario Bitcoin fails and I lose a week’s income.

However, it’s important to remember the magnitude of what your investing in here, something that has the potential to change how
The world operates, like the internet back in the late 90’s.

Don’t forget people investing in those little known companies back then may have considered their $100 investment in Amazon
or Google ‘risky’ but I’m pretty sure that upside turned out to considerably outweigh the risk of losing their initial investment.

So in my view, whilst Bitcoin is different to the internet, it has equal capacity to change the status quo, so the risk of losing my initial outlay is
Almost inconsequential to the potential benefits I may reap as Bitcoin gains popularity across the world and rises in value.