Re:The Wealthy Are Hoarding $10B of Bitcoin in Bunkers
by gamblor956 on Wednesday May 09, 2018 @01:48PM
(#17032014)
Only responding to the last paragraph:
The government created the computer and the internet...funds most major pharmaceutical, chemical, material sciences, and theoretical scientific research. The value created by the US government alone is estimated to be in the low hundreds of trillions and that's just measuring value created to this date.
The reduction of friction created by government regulation is estimated to provide a value equal in many cases to 100% of the price of the transaction (as in, the transactions simply wouldn't happen without government regulation creating sufficient trust between the parties).
Excessive taxation is a burden, but taxation in itself is not.
The government created the computer and the internet...funds most major pharmaceutical, chemical, material sciences, and theoretical scientific research. The value created by the US government alone is estimated to be in the low hundreds of trillions and that's just measuring value created to this date.
The reduction of friction created by government regulation is estimated to provide a value equal in many cases to 100% of the price of the transaction (as in, the transactions simply wouldn't happen without government regulation creating sufficient trust between the parties).
Excessive taxation is a burden, but taxation in itself is not.