50 sats \ 0 replies \ @xz 17 Apr \ parent \ on: Canada: higher capital gains tax econ
Much to the Canadian and similarly the European, UK chagrin, servitude by design.
I suppose I could be religiously depressed here with end of days prophecy, but let's just leave it at short sighted governance, quite possibly madness.
I can see your point.
My first thought is that I need to move to SLC or Denver.
My second thought is that the brick European housing system worked and should still work, but all of the underpinning economic constraints are brought about by following a growth model that's unsustainable because of broken money. Now we are trying to achieve the same with the continued irrational housing development decisions.
But we all know this.
Enjoy the thought process but not sure of the gov intent. Thanks for posting it.
Perhaps extinguishing debts is intentional monetary policy to stimulate inflation. Or perhaps it's to throw more fuel on the fire of socializing losses and rewarding irresponsible borrowers. In either way, it doesn't seem helpful to me.
You probably think UK is a great government to enable such manoeuvre.
No. Similar to the Bidenomic manoeuvre of student debt 'forgiveness' this scheme (scam) is just a tactic with the direct intended consequences of boosting voter appeal.
Why UK would enable such a thing?
To my mind, fudging numbers directing attention to how a government has helped in some way and using those stats in campaigns to appeal directly to the large number of people that have ended up in this bad financial situation, this makes any continuation of the same government seem more palletable to that group which would have been the most critical.
I wonder how this is affecting gov books?
I'd love to know. From a very simple 2+2 math angle, it would be easy to calculate that those debts being frozen, extinguished or written off are not finding a new home, in the way that they would be if debts were actually repayed. That money would find its way into some industry, be possibly reinvested or saved. When stuff is bought on credit and debts are written off, there is no other outcome other than more money chasing fewer goods. We know what happens when there is more money in circulation chasing fewer goods.
Does erasing citizen debt help gov look’s better on an international scale?
I don't think there's any way that such a claim can be made one way of the other. I guess that once upon a time there might have been some kind of posturing, but as everyone can see, there's just so much internal chicanery that it makes little sense to compare. My 2 pennies.
In PR.China, public transport is highly competitive relative to other countries I've been to, and pretty efficient to boot. Sometimes feel that it's not a matter of PR.China's infrastructure and public transportation services being awesome, more that the mismanagement and price-gouging in other countries is so prevalent.
Net - net, it's cheaper to drive in most of Europe than to catch a train, and the opposite is true in China, as far as I'm aware. I guess there may be other factors, but mostly I think it's this.
Not that I'm well-versed in legalities..
but I'd say that would depend on which particular brand of passport or ID you own.
I know that myself, although I disagree with the essential status of peon, I'm a subject of such and such king, queen of the moment..
Meaning, I can't commit treason without expecting to get hung (if caught.)
I don't think ossification and improvement are mutually exclusive.
A better way to pose the dilemma IMO,
ossification camp = ain't broke, don't fix
we change btc protocol camp = ain't broke, fix anyway
ossification and change.
ossification is like evolution. Sometimes there are very minute changes in organisms. It's not always adaptation.
Maybe attacks would be more sophisticated in future.
Or just more sophisticated maids. That's my thought. It's future proofing to a degree.
I remember there was a post on SN about someone that got their wallet drained after moving to relocate. I guess there are those times too. Although that might have been down to a different security flaw, and all of this is hypothetical, who knows how much there will be risks moving forward.
I guess it's uncommon for the sophisticated maid attack for the average hotel guest. But I hear that for high profile international visitors, diplomatic, possibly industry figures are going to run the risk of compromised security when traveling, corporate or political espionage.
I like both projects and I guess the advantage of seed signer is that it taught me much on how systems can be made secure with the caveat that there's always supply chain attack vectors.
Who are qualcomm, broadcom Inc.? Do they have my best interests at heart.
I think that's where I'd like to learn about hardware specific for meeting the needs of the security conscious.
I like Coldcard being hardware without the software that puts me off other HWW.
I actually don't know much about this bank.
Had me thinking about one that was located in Gibraltar and offering custodial solutions to accredited investors. I see the same problem with gold investment vehicles, which seems to be the exact analogue to how 'investors' trust the institution, the regulation, and it tracks the price of the underlying asset. The smaller the investor, the less the likelihood to take physical ownership, as with ownership of keys.
Thinking about the the evil maid potentiality for compromised security exists?
An evil maid cleans your hotel room and your seedsigner, a singlesig signer for your wallet.
The maid boots up your airgapped seedsigner, clones it, and leaves a replacement pi. You don't notice your original pi has been swapped out which gives time for any pin cracking, whilst the wallet from your unlocked device (also copied by maid) is in the hotel room next door, over the week on holiday, you notice your wallet balance emptied.
Long shot, not sure that it's possible, but my guess it is?
- Not defending any arrogance