RE: FIAT

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FIAT

in currency •  8 years ago 

Nice post.
You make some valid points but I have a slight issue with the total takeover of cryptocurrency.

Although I am an avid believer in cryptocurrency, I came across a post the other day (and I apologise because I dont remember who wrote it) but it brought to my attention the value of actually having taxes - You see our police force, fire and medical departments are paid from these taxes, and although I can argue that these taxes may be excessive, It makes me wonder how having a decentralised market will combat that?

Any ideas would be appreciated. Thanks

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Thank you thereceptionist.
Your comments are food for thought.

I was making the point that the taxes are imposed and they are excessive. However, reduction of the size of government would make a massive difference and reduce the running cost on those indeed needed services as you mentioned.

Income tax is the main bane...

I am unable to offer a solution but will gather my thoughts....

No, that is great @jewy1 thanks.

Instead of answers it was a mere hope for discussion - Especially on the topic of taxes.

Excessive, definitely but Necessary, seems it may be. If cyptocurrency had the solution it would be near impossible to challenge a decentralised market. Fingers crossed aye? 🙃

Hello thereceptionist just felt it was courteous to respond... However, your right and they should be a wider discussion on this subject...

I would be keen to be part of this.

Peace.