Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (169809)	3/23/2021 5:41:53 AM
From: sense	Respond to of 217644

Taxing individual income probably costs society vastly more than its worth. The tax and its enforcement alters behavior, forcing people to make stupid decisions based on tax avoidance rather than optimal employment of resources to maximize returns... with an huge cost in inefficiencies that probably sucks more potential in contribution out of the economy than it could contribute. The point of it seems less about the need for tax money... and more about imposing fear of acting in ways people would without a threat of coercion... and modifying choices in "approved" ways to avoid tax...ensuring vast enterprises in corruption will thrive. Amplify that times a million through all the layers of petty made up "reasons" for taxing this or that... fees for this that or the other... licenses that serve no purpose, etc., etc. Shouldn't that be the best thing about a fiat currency... since they can just print more of it, there should never be a need to tax anyone... which would work out just fine... if all the money printed were used in lieu of taxes that way... and not just given for free to a small handful of rich guys who own banks, for free, so we borrow it back, at interest... meaning our taxes are really paid to the banks, for allowing us to use our own money, and not to the government... who allow that crime ? And, shouldn't that be the best thing about an alternative money that grows in value, instead of shrinking like a fiat currency... that since it grows in value, instead of costing you in interest... no one should ever have a need to pay taxes ? /s

To: TobagoJack who wrote (169809)	3/23/2021 2:48:35 PM
From: Maurice Winn	5 Recommendations Recommended By 3bar gg cox kingfisher pak73 SirWalterRalegh Read Replies (2) \| Respond to of 217644

Some tax avoiding entity from Cayman Islands outbid me on 200 acres of beautiful rolling farmland just north of Warkworth, NZ-Aotearoa-Zimbabwe a dozen years ago. So I have had direct experience of the effect of transferring wealth from here to there. I would not mind if legally due taxes were enforced. Number 4 fox from China by name William Yan (ask Google) swindled me out of NZ$1.5 million several years ago on a planned dairy factory. But he was caught and was obliged to pay NZ$43 million in settlement of foxiness to China and I guess NZ. The company I was backing had a lawyer who failed to properly enforce a contract leaving me holding bag. Fortunately I had a security which enabled a $0.5 million recovery. The other investors lost all. Life provides many harsh, brutal, merciless, lessons. There is a vast array of failure mechanisms. What fun! Fortunately there is an infinite array of ways to succeed. People say we learn from our mistakes. But more importantly we learn from our successes. What gets rewarded gets done. Punishment just stops bad ideas, it doesn't create good ones. Authoritarians stomp good ideas as well as bad ideas. Mqurice