0 sats \ 21 replies \ @supertestnet OP 2 Jan \ parent \ on: Loan shark: Super Testnet's non custodial, bitcoin only borrow and loan tool bitcoin
I think this is pretty much the same thing as asking "how do you know if someone is overcharging you?"
My answer is "think about it a little, you can do this"
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No, that's not the same thing at all. Taxes are not voluntary. They're mandatory. You have no choice. You are placing your trust in a central authority.
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Taxes are not voluntary. They're mandatory.
Nonetheless, you can still assess whether you got your money's worth from government services. Suppose you got about $1000 worth from reasonable government services and they tax you about $1000 at the end of the year. That is just, that is fair, there is no good reason to complain about reasonable compensation for perfectly valid services rendered by your government.
But if they try to overtax you for more than you got from them, it's unjust, and you are under no moral obligation to give them any money beyond the compensation due for what you did receive from them. You might go to prison or worse if you refuse to pay them the full amount they demand, but some people are okay with that.
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Nonetheless, you can still assess whether you got your money's worth from government services
Taxation is theft. That's my assessment.
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But if they try to overtax you for more than you got from them, it's unjust, and you are under no moral obligation to give them any money beyond the compensation due for what you did receive from them. You might go to prison or worse if you refuse to pay them the full amount they demand, but some people are okay with that.
So, you admit there is a monopoly of violence and that's ok because they give you things.
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I do not admit there is a monopoly on violence. Anyone can be violent.
Taxes are okay when they pay for reasonable government services
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Taxes are okay when they pay for reasonable government services
Right, and that hasn't been the case since in the introduction of the federal reserve bank.
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I want to promote my new tool I'm so proud of, and I need taxes to justify its existence
and all the F hours of work wasted on it
I can't honestly say that part because I don't think I wasted those hours
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The tool is a good idea. It has a use case. "Loan Shark" is appropriate because it is predatory. Kind of like the guy who designs devices that harm humans or animals. No matter how you justify it. You are all in on the confiscation of earnings of productive people. I'm guessing that you get some of your money from proximity of the money printer.
But if I was you, I would say, "Yeah, I understand that some people hate taxes. I'm just making an arbitrage tool to help public facing businesses who have to keep books in order to prevent the Monopoly of violence from confiscating all of their means of earning a living."
I really like your, "Think about it." comment.
Thinking is not seeing. It's not observation.
If you want to succeed with your tool, don't waste time arguing with people who would not use it.
Acknowledge the detractor's point and move on. Whether I hate taxes or not if this was a vetted tool functioning I would recommend it to a business for Bitcoin use.
Even if I think you are a brainwashed, statist cuckold, I see your desire to help others is sincere and for that I would still praise your effort.
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If you want to succeed with your tool, don't waste time arguing with people who would not use it
As far as I am concerned I succeeded
I made a thing that does something cool and I am pleased with the result
What more success could I ask for?
you are a...statist
At your service, sir. I do not consider "statist" an insult but a badge of honor
And since you called me a name, I shall call you one in return, thou anarchist
Someday I hope to meet you at a bitcoin conference and I hope we shall hug
The tool is a good idea. It has a use case.
I agree with this.
Here we circle back to usury. I don't care what the financial engineers call it usury is the monetary charge for using money. Use. This principal only exists where money is clearly manufactured by one party and paid or lent to another. Where the usury comes in is that the money is:
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Taxed - In order to use my money where I am not producing anything (because if I was I would not need to confiscate your money) I need to take a portion of your labor. Furthermore I am going to violently threaten your customer (boss) to make sure he confiscates your wages and his before you both are paid and give those funds to me. If you don't have enough money I will lend you some.
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Inflation - This invisible tax is part of the scheme where I see the free market working and I introduce by inflating the money supply with new currency that I declared as money by fiat in order to confiscate the labor and goods of the free market without actually making anything useful.
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Usury - My friends who I give money to have a bounty of this cash and they will lend you this money so that you can build a business and pay us back as a percentage of your earnings. Once you have paid this back we will continue to confiscate your earnings by taxes and inflation of the money supply.
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