SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 375.93-1.8%Nov 14 4:00 PM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Sun Tzu who wrote (170312)4/8/2021 2:45:05 PM
From: sense  Read Replies (1) of 217789
 
No quibbles from me on the math...

It does run into added complexities in reality...

As, for instance, if you decide to move to the Caymans... or Panama... because that's where the job takes you. And the first thing you do is transfer money to set up a bank account in the new locale... what, exactly, is the practical justification for taxing that transfer of your own funds... from an account you own to an account you own ?

The concept immediately runs afoul of the narrative in meta level issues today... both that in which the digitization of money is only a subset, and its parent... which is about the degree to which virtual everything alters the non-virtual in its attachments...

Globalization, only more in its virtual incarnation... much like disintermediation or even defi does in banking... appears that it obviates the primary utility of nation states... while empowering individuals in making choices at the expense of the collective in aggregate... providing no reason why your transfer of money from here to there should concern anyone other than yourself, but also giving no reason that a cadre of 1200 Guatemalans should not set up camp in your front yard while seeking a new life here... instead of in Guatemala. ?

It should not be a surprise that the changes occurring are generating cognitive dissonance... in large part because a very large portion of the population of the globe has no frame of reference in which to consider the relative utility of having the freedom to make a choice...

Of course, real tests of the legitimacy in "the consent of the governed" [and perhaps only more in relation to the governed reconsidering the use being made of their money] might also come into conflict with systems of controls.. when cognitive dissonance emerges in the result of "doubling down" on imposing controls when the ability to communicate increasingly disrupts the ability to succeed in selling the big lie...

The echo chambers inside of bubbles... not limited to Wall Street in impact...
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext