MY X/Y POKEMON FRIEND CODE: 1418-7279-9541 In Game Name: Michael__
Our FIAT money is backed by the US government, i get that, been that way since Nixon took us off the gold standard. What i was getting at is, even if that medium of exchange was gone, we would still be able to barter, which is a form of an economy.
Obviously if i stopped paying on my car, they would take it away. However, the bank doesn't own me, and couldn't sell me off into slavery because i defaulted on a loan.
Well there's Utah, and there's bumfuck Utah. Ya know, the people that complain how Salt Lake is out of touch with Real Utahns because its tucked away in the far end of the state. Then there's the absolute crazies in Hildale. OR the ones who moved a block away to be in Colorado City, to dodge all those unfair Utah taxes.
Well no surprise all these bros are bad at history. Microsoft did have its earlier campus in Bellevue in the 80's. Then they moved to Redmond cause of taxes and square footage prices. Bellevue always had a higher B&O tax than Kirkland or Redmond. But now look who bought up office tower space in downtown Bellevue.. and Seattle, its Microsoft. So they came back.
2001 Boeing tried to hold local governments hostage over taxes for their corporate offices and left for Chicago. Other companies were more than happy to fill in the space. The local governments got to keep their money and have new people move in.
This could all be avoided if Seattle just charged a symbolic 1% tax on earnings up to 250k and their proposed 2.25% on earnings afterwards. Why people are arguing against the tax as a concept is beyond me. After a little research the cost of living in WA and Seattle due to taxes is comically low. But you can't charge a tax to only one portion of the population. Especially an "Income Tax". Charge everyone the income tax and call it a day.
No, barter only emerges in systems that already have currency, because it allows people to establish market values.
The reason the bank can't capture you and sell you off into slavery because you defaulted on the loan is because the GOVERNMENT as constructed an economic system where that is not an option.
"stop puting you idiotic liberal words into my mouth"
-ynnady
Wow I can't believe you really hate Utah, for a reason that you're wrong about. I'd like to know how Utah is sucking money from other "productive" states (What does that even mean, your state in Oz doesn't get as much federal aid because some of it goes to utah? What??). Until you can prove your claim, it's baseless and rude.
https://ballotpedia.org/Utah_state_budget_and_finances
Okay....
MY X/Y POKEMON FRIEND CODE: 1418-7279-9541 In Game Name: Michael__
Actually even in the case of barter you would still have the state defining the boundaries in which that market existed. Simple put markets don't exist without states be they barter or currency markets.
The mythological barter society usually advocated by an caps and libertarians was just that a myth or a though experiment at best. Nobody is robinson crusoe. You all live with others.
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They used to do that actually. Debtors prisons were a thing at one point.
“You're not to be so blind with patriotism that you can't face reality. Wrong is wrong, no matter who does it or says it.”― Malcolm X
I watch them fight and die in the name of freedom. They speak of liberty and justice, but for whom? -Ratonhnhaké:ton (Connor Kenway)
Well, you'd be wrong. Doesn't make it right, ethical, or moral by any means, but those are all very separate things from "legal." That said, taxes still aren't theft and you'd be hard sought to find a society that functioned without them. Once upon a (very prosperous) time in the US, our top marginal tax rate was in the neighborhood of 90 percent (before deductions, loopholes, and what have you), and everyone still got on quite nicely.