General Bitcoin discussion thread (May 2011)

Kaj_Sotala

There seems to be quite a bit of a Bitcoin interest around here, with several articles about it already: [1 2 3 4 5 6 7]

I propose that links and generic Bitcoin comments should be posted here, instead of making a new discussion thread for each interesting article about the subject.

There seems to be quite a bit of a Bitcoin interest around here, with several articles about it already: [1 2 3 4 5 6 7]

I propose that links and generic Bitcoin comments should be posted here, instead of making a new discussion thread for each interesting article about the subject.

Google negative income tax and read the article...

Naz I think you are a little off though. the negative income tax is an implementation of a few possible implementations of a basic income system. Friedman liked it because it was better then normal welfair or the progressive tax we have. He wanted a flat tax. He did not particuly want the NIT, he wanted less welfair overhead and a flat tax.

If you do not have an income tax you can not use a negative income tax to implement a basic income.

Falkvinge is coming from the other direction. He is saying we will be forced to have a flat tax (VAT) because of bitcoin and that in order to still have wellfair we will need to implement a basic income, his citizens income.

It is all crazy talk though.

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General Bitcoin discussion thread (May 2011)

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General Bitcoin discussion thread (May 2011)

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Falkvinge is coming from the other direction. He is saying we will be forced to have a flat tax (VAT) because of bitcoin and that in order to still have wellfair we will need to implement a basic income, his citizens income.