105 sats \ 2 replies \ @davidw 27 Jan \ parent \ on: Bitcoiner and Socialist bitcoin
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.
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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.
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