A recent study found that Bitcoin—and Bitcoin mining—is largely controlled by a few entities.
50 Miners Control 50% of Bitcoin Mining Worldwide : Read more
50 Miners Control 50% of Bitcoin Mining Worldwide : Read more
Maybe ALL Governments should HEAVILY regulate CryptoCurrency, this looks like a overly complicated Ponzi Scheme to me.Meet the new boss, same as the old boss.
And that's screwed up, because the money doesn't feed back into the economy as much as it should - it mostly stays up there.Money generates more money. Those who earned money reinvested in new machines, that produced more money for more machines. Never sell, only reinvest. When risk traders lose, their loss goes to big players, who only keep and accumulate, to generate more money. That's the capitalist game, anywhere.
Without heavy regulation by the society/state, it will all converge into a concentration of wealth.
I concur.And that's screwed up, because the money doesn't feed back into the economy as much as it should - it mostly stays up there.
Which we need to regulate out of existence and teach them that "Infinite Growth" is NOT REALISTIC and VERY MUCH ILLEGAL.Companies expect infinite growth...
Again, I concur that we should regulate the hell out of it.People trying to get rich quick, so they can be in that top 1% or whatever...
Yup. Too many people want to participate in "Get Rich Quick" schemes.And so on. It's rather depressing.
Tax unrealized gains and a lot of that make-believe wealth will evaporate - banks won't give you low-interest loans against stock options you haven't cashed in to pay your taxes. Once all the wealthy people have to sell stocks to pay taxes, the stock market will deflate along with many billionaires' ludicrous hypothetical wealth.People trying to get rich quick, so they can be in that top 1% or whatever...
And so on. It's rather depressing.
Tax unrealized gains and a lot of that make-believe wealth will evaporate - banks won't give you low-interest loans against stock options you haven't cashed in to pay your taxes. Once all the wealthy people have to sell stocks to pay taxes, the stock market will deflate along with many billionaires' ludicrous hypothetical wealth.
Tax unrealized gains and a lot of that make-believe wealth will evaporate - banks won't give you low-interest loans against stock options you haven't cashed in to pay your taxes. Once all the wealthy people have to sell stocks to pay taxes, the stock market will deflate along with many billionaires' ludicrous hypothetical wealth.
Only taxing at the exit makes no sense: billionaires die or otherwise settle their estate without ever cashing their stocks in, passing their unrealized fortune to their heirs tax-free with the book value actualized to present so the taxes between stock options getting issued and stocks getting passed along never get paid.The general idea is that you will be taxed when you sell it at a profit. You can tax upfront or at the exit backend. Taxing at the exit makes more sense. Not only does the govt get more but you do to. Businesses themselves already pay yearly taxes on inventory.
Only taxing at the exit makes no sense: billionaires die or otherwise settle their estate without ever cashing their stocks in, passing their unrealized fortune to their heirs tax-free with the book value actualized to present so the taxes between stock options getting issued and stocks getting passed along never get paid.
Wealthy people have countless ways to dodge taxes since they buy politicians to do their bidding and rig the tax code (and practically everything else) mostly in their favor.
What investment? Issuing stock options to CEOs who only report 100k$/year in gross income but have 200G$ in stock options contributes $0 to the company.Well they then didn't get to benefit the fruits of their investment. But that investment helped the company grow.
What investment? Issuing stock options to CEOs who only report 100k$/year in gross income but have 200G$ in stock options contributes $0 to the company.
Bobby Kotick, Activision-Blizzard CEO, has been screwing the company and employees' morale over for years and his bonuses keep going up. Many landmark companies like Toys'r'Us get taken over by hedge funds that ruin companies by gutting them for a quick buck and leave the husks behind.The stock option is incentive for the CEO to work hard. If he fails at his job the company tanks and so does his pay. And he still gets taxed when he cashes out.
Bobby Kotick, Activision-Blizzard CEO, has been screwing the company and employees' morale over for years and his bonuses keep going up. Many landmark companies like Toys'r'Us get taken over by hedge funds that ruin companies by gutting them for a quick buck and leave the husks behind.
Too many CEOs are grossly over-compensated. Many are actively destroying value instead of creating it. There is no way in hell that Bezos and Musk worked so hard personally as to be worth over a hundred billions. IMO, there is no contribution to humanity by a single person that can possibly justify being worth a billion dollars.
Elon didn't invent much if any of that, the thousands of scientists and engineers along with supporting staff to actually build the things hired by department managers at his companies did most of the real innovation work. Elon's main contribution is setting aspirational goals and spinning countless failures as successfully discovering ways that don't work.Sure you can say Elon isn't worth his pay. But you weren't sleeping in the factory staying there solid for multiple days at a time to solve issues. You didn't invent a system that allows rocket boosters to be reused at a fraction of the cost of more expensive gov't programs. Nor did you put up an internet system that allows broadband everywhere where the gov't failed to do so through incentives to mega corps.
Elon didn't invent much if any of that, the thousands of scientists and engineers along with supporting staff to actually build the things hired by department managers at his companies did most of the real innovation work. Elon's main contribution is setting aspirational goals and spinning countless failures as successfully discovering ways that don't work.
A decently run government program is cheaper than private industry since there are no profit margins involved. That is how most civilized countries have medical costs per capita around half those of the USA yet still deliver better quality care to more of their population.The free enterprise model was certainly more effective at building cost effective solutions compared to any gov't contracts from the likes of Lockhead/Boeing/Ford/GM/Toyota/Comcast.
A decently run government program is cheaper than private industry since there are no profit margins involved. That is how most civilized countries have medical costs per capita around half those of the USA yet still deliver better quality care to more of their population.