Hacker Publishes 2TB of Data from Cayman National Bank

Re:Hacker Publishes 2TB of Data from Cayman National Bank by ComodoHacker on Tuesday November 19, 2019 @12:28AM (#21570846)

Majority of people paid their taxes, but many didn't, many more than today. Think of mafias of all kinds. So law abiding majority had to pay more to cover state expenses. Without computerized record keeping taxes were collected in person, often with support of armed force. And tax evasion could be as simple as hiding in the woods when tax collector comes. It worked, but not so well.

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Re:Hacker Publishes 2TB of Data from Cayman National Bank by feanaro on Tuesday November 19, 2019 @03:44AM (#21571501)

Yet the world itself worked rather well. That must either mean that taxing working well is not necessary for the world to work well or that it worked better than you are implying.

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Re:Hacker Publishes 2TB of Data from Cayman National Bank by ClumsyPilot on Tuesday November 19, 2019 @09:50AM (#21573332)

What does 'worked well' mean?

If you measure anything, infant mortality, poverty, murder rates, diseases, nutrition, education, which of them fit any sensible definition of 'well'?

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Re:Hacker Publishes 2TB of Data from Cayman National Bank by feanaro on Wednesday November 20, 2019 @02:20AM (#21581764)

This question works both ways. If a radical change is being argued for, such as total financial surveillance without possibility of anonymous transactions, then I would expect the person making the argument to put forward a benchmark showing that total financial surveillance is making the world better.

In my case, "worked well" meant something like a mix of: a) the world did not end, and b) everyday life in developed societies (which previously did not have total financial surveillance, but are now eager to achieve it) was more or less the same then as it is today.

In fact, to expand on b), it seems to me (admittedly from a completely intuitive and unquantified perspective) that we are quickly losing civil liberties today and that this aspect was better in the past.

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Re:Hacker Publishes 2TB of Data from Cayman National Bank by SiempreViernes on Tuesday November 19, 2019 @04:41AM (#21571695)

You're aware that depending on where you are in the world you can sample a vast range of development levels, so where exactly do you wish to move to have this well functioning society where people are taxed on trust alone?

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Re:Hacker Publishes 2TB of Data from Cayman National Bank by feanaro on Wednesday November 20, 2019 @02:24AM (#21581785)

I never implied taxing on trust alone, I'm simply arguing against total financial surveillance. Taxing in the mid-20th century did not rely on trust alone and it was a nice mix of trust and manual investigation in suspicious cases. I think such a mix is optimal for a predominant number of human activities and total surveillance should (almost?) never be reached for.

You can apply the same style of reasoning to end-to-end encryption. Various actors are aiming for total surveillance in that area too, it is most likely a terrible idea and we have precedent that the world works reasonably well without it.

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Re:Hacker Publishes 2TB of Data from Cayman National Bank by shakna on Wednesday November 20, 2019 @04:13AM (#21582321)

> How else do you propose taxation is assured? Blind trust?

> Sure, why not? It has worked for many years before.

Taxing on trust alone is exactly where this little thread started.

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Re:Hacker Publishes 2TB of Data from Cayman National Bank by feanaro on Thursday November 21, 2019 @06:01AM (#21593008)

I know, but based on context, I estimated that quip to be somewhat reactionary. The alternative is obviously not to leave out any kind of enforcement. The alternative is to go back to the kind of enforcement that was used and worked fine several decades ago.

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Re:Hacker Publishes 2TB of Data from Cayman National Bank by squiggleblaz on Tuesday November 19, 2019 @04:43AM (#21571701)

Have we entirely eliminated tax evasion today? Money laundering continues. Our current approach of criminalising everyone and their dog isn't efficient.

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Re:Hacker Publishes 2TB of Data from Cayman National Bank by Nasrudith on Tuesday November 19, 2019 @10:22AM (#21573747)

Money laundering is ironically an inversion usually as part of ensuring the money looks legitimate is ensuring that the taxman gets a cut.

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