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<p>[QUOTE=&quot;V. Kurt Bellman, post: 1983744, member: 71723&quot;]Remember, you asked, okay?</p><p><br /></p><p>Bitcoin - I am not sure whether the concept is somebody&#039;s psychology doctorate thesis, somebody&#039;s idea of a joke, or the biggest con in history, but I strongly suggest it&#039;s one of those three. Money and &quot;legal tender&quot; laws are, <i><b>and should be, </b></i>the 100% exclusive realm of duly constituted governments, period!</p><p><br /></p><p>&quot;Fair&quot; tax or flat tax (&quot;fair&quot; must always be in quotes because it&#039;s a joke) - <i><b>NO, NO, NO, NO, NO! </b></i>A flat tax is an utterly <i><b>horrible </b></i>idea! I don&#039;t need to imagine or forecast the horrible economic effects of a flat tax - my state&#039;s income tax <i><b>is one.</b></i> Its detrimental impact on state revenues as the middle class hollows out, and more people need state government services, while the wealthy still pay the same rate a burger flipper does, is a systemic recipe for economic disaster. We need to be <b>increasing the &quot;slope&quot; </b>of our tax rate table, not flattening it! If upward income redistribution did not also concurrently also create additional need for governmental services, then a flat tax could be made revenue neutral. But it can&#039;t, and therefore needs to be rejected because it will increase fiscal deficits.</p><p><br /></p><p>A flat tax advocate is saying, &quot;the rich pay too much and the poor pay too little&quot;. Really? How sick are they? Blood. Stone. You do the math. We started reverse Robin Hooding in the 1980&#039;s (steal from the poor to give to the rich) and the economic challenges we face today flow directly from that choice.[/QUOTE]</p><p><br /></p>

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