Quote:
Originally Posted by Yandros
Minarchism ftw.
Isn't it obvious all the OECD nations are going to get together now and form some sort of socialist pact like the EU, to regulate all banking in the west / first world. And they'll do it under the guise of helping 'ordinary people', but it will actually be a cartel operation between welfare states to eliminate tax competition (tax havens) and setup a new banking system so that this can happen all over again.
Without tax and currency competition the government(s) of the world can inflate the currency to infinitum. Credit expansion orders of magnitude larger than even the current climate.
So get ready to pay 70% income tax and have to fill out dozens of forms every month to justify your business operations to the central authorities...
It's (government, socialism, welfare) all just a big scam, and you're not in on it.
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I suppose that's a possibility though I'm not sure that it's obvious or destined. I think you and I will be long dead before that comes to fruition, assuming that's the direction things are headed. This isn't the first time the market has had a downturn.