reply on: Bitcoiner and Socialist \ stacker news ~bitcoin

93 sats \ 4 replies \ @Conega OP 27 Jan \ parent \ on: Bitcoiner and Socialist bitcoin

You simply have to pay tax by law.
Brain drain does not happen to great extent. Many companys will stay in a environment that helps thair business. This includes good infrastructure, educated people, good envorinment.
Tax evation is a problem. It already is, and mainy big companys have good ways of hiding tex obligations. It should just be a punnishable crime as it is today.
Tax is not voluntary. Just as stopping ad a red light. Nobody foced me to stop, but I will be caught eventually

Perhaps affordable is a better word. For the median income.
Because people will make mistakes, or simple will have bad luck that will get them in a situation they they need help. It's also far cheaper to help them then to punnish them endlessly

Thanks for replying. Helps me understand the vision & perspective of socialism.

Brain drain will always happen, if taxes are prohibitively expensive.

If they are 10% or less, the costs of evading or finding creative means of avoiding paying would not be favourable. It may just be cheaper to pay.

But I would find it hard to believe that you could achieve the standards of living you describe for all, with a 10% flat tax.

This is why in my opinion, socialism is unsustainable. When people get more and more of their life subsidised, they expect greater handouts over time, thus raising the need for higher taxes and incentivising companies and productive people to flee. Especially now those creative people can earn an incredible wage in any worldwide location.

Bitcoin achieves the same aims of socialism just by making everything else affordable again. Just like going into the 1940s and 1950s. People’s wages could easily cover a modest house.

110 sats \ 1 reply \ @ealvar26 27 Jan

Interesting case! Wouldn't it be cool to know an "optimum taxation level" but I guess there's a billion variables and we may never.

40 sats \ 0 replies \ @davidw 27 Jan

My view is we would get it if we had not just a few hundred countries but a few hundred thousand or even millions of ‘countries’ or territories.

Experiments like these would be commonplace, all with competing policies and rates of taxation. You could statistically measure the optimal rate.

Having as much choice for your country as you would when buying your car in the world. Governance can be better when it acts in private interests not public interests and acts more like a business, competing on the open market.

0 sats \ 0 replies \ @justanumber 27 Jan

who says you have to pay tax by law? I guess it would depend on which country you are living in. I've seen a few people make good cases for different countries that it is actually not law and it is optional - just that everyone assumes it's law.