@isomerc IMHO #Bitcoin's only effective use-case is #CapitalFlight and #MoneyLaundering on behalf of #Oligarchs, #Millionaires and #Billionaires that are sanctioned.

• All #cryptocurrencies (that ain't #Monero) are #Shitcoins but espechaly Bitcoin.

It's #ASIC-dependency only results in thousands of tons of 100% avoidable #eWaste at the hand less than a dozen big miners that effevtively control the hashrate.

• Once the last Bitcoin has been mined it'll crash hard because then #TransactionFees alone must pay for the upkeep and that'll certainly be be a problem.

Whereas #Monero solves all these things including the nonexistant privacy of #Shitcoins.

retroshare://chat_room?name=%23%D0%98%D0%9B%D0%98%D0%A2%D0%90&id=L13129B3B4419DA72

Вот перевод моего ответа на английский:
This is an **economics-themed meme**, which *claims* that Norway’s wealth-tax increase caused a net loss in government revenue.
**What exactly is shown?**
**The text:**
It states that:
Norway raised its wealth tax;
it expected to collect +$146M;
but allegedly lost $448M because $54B in wealth left the country;
resulting in a total reduction of $594M in tax revenue.
**The chart:**
It’s the *Laffer Curve* — a popular but debated economic concept suggesting that if tax rates are too high, government revenue eventually falls due to capital flight, tax avoidance, lower activity, etc.
**Important to understand:**
This is **not an official report** and **not a scientific chart**, but a social-media-style visualization making a claim.
Many such images are **politicized memes**: they use selective data or interpret it in a convenient way.
The Laffer Curve is a **theoretical model**, not a universal law.
If you want, I can:
— fact-check the specific numbers;
— explain the context of Norway’s wealth tax;
— show where the argument in this picture is manipulative.

#Norway #WealthTax #LafferCurve #Economics #TaxPolicy #CapitalFlight #BudgetLoss #FactCheck #EconomicModels #FiscalPolitics

When you combine this history of wage suppression and theft in the US over the last 50 years, combined with what is happening in the AI industry, labor in the US is in trouble. #stagflation #unemployment #capitalflight

https://medium.com/@hrnews1/new-report-employers-in-the-usa-have-stolen-over-50-trillion-from-workers-since-1975-6afdcfdc0e85

"This is not the arrangement of a free society. This is the stuff of kings and feudal lords ruling over serfs. It is not befitting a democracy. And for a country so devoted to the principle of freedom and so proud of our history of rejecting illegitimate monarchical authority, we should be pissed off about it. Americans shouldn’t have to grovel pathetically before oligarchs to prevent them from nuking our economy as punishment for trying to attain an infinitesimal fraction of the privilege they enjoy — privileges which, of course, are already more lopsidedly distributed to the wealthy than ever.

If he wins the general election, Madani will have to proceed carefully, calling the wealthy’s bluff enough to pass meaningful reforms without setting into motion a devastating process in which those bluffs become reality. The rest of us, though, should be clear about one thing: what we’re seeing now is a tiny minority trying to hold an entire city — an entire society — hostage to its own interests, using its structural leverage in the economy to undermine the democratic will of ordinary people."

https://jacobin.com/2025/07/ultrarich-oligarchy-capital-flight-mamdani/

#USA #NYC #Mamdani #CapitalFlight #WallStreet #Billionaires #Inequality

Billionaires' Money Escape Plan - Dwarkesh Patel

#capitalflight #capitalcontrols #china

Make America Broke Again!!!!

"Amid geopolitical tensions, streaming giants like Netflix are aggressively expanding their international production portfolios. Netflix’s commitment to invest $1 billion in Mexican film and TV production over the next four years exemplifies this trend. "

#CapitalFlight #RepublicansOwnThis #ImpeachTrumpNow #USPol

#FX - The simultaneous surge in #euro and #German Govt bonds this month suggests a #capitalflight to #eurozone’s benchmark debt as a haven from trade war turmoil, chart @financialtimes.com
https://www.ft.com/content/88f47b5b-c12c-49f1-ad3b-61545510c80d?segmentId=b0d7e653-3467-12ab-c0f0-77e4424cdb4c

@cryptadamist the only thing #Bitcoin works at is monitoring #Billionaires, #Oligarchs and #CryptoBros try to dodge #Taxes and commit #CapitalFlight.

• Because they are too stupid to get #Monero!

#Shitcoin #Shitcoins #TechBros

Exactly that is true: #Fragmentation kills the EU!

• Instead of levying #tariffs on #GAFAMs comitting #CapitalFlight and #TaxEvasion, the #EU decided to basically kill #domestic #competition with bs. like demanding that #AppStores have to pay #VAT / #GST / #SalesTax in the customers' nation.

That's why there's no #AndroidPit #AppCenter anymore!

• And I do know that #Zensursula or the @EUCommission don't really give a wet fart about that, because they want a #SurveillanceState and #PoliceState and would rather choose to die from #LateStageCapitalism than accept the necessity for #SystemChangeNotClimateChange!

Thanks again to @dw_innovation / #DWnews for that video.

#EUpol #DEpol #USpol #Trump #Draghi #Letta #Putin #Xi #WorldPolitics #Economy #SingleMarket #Destiny #Europe

> The 1998 IMF “rescue package” for Indonesia approximated the estimated wealth of the Suharto family. One Indonesian economist estimates that 95 percent of the foreign debt of some $80 billion is owed by 50 individuals, not the 200 million who suffer the costs in the “Stalinist state set on top of Dodge City,” as Asia scholar Richard Robison describes Indonesia.
https://chomsky.info/19980515/
#Indonesia #CapitalFlight and #RescuePackage for #SuhartoFamily

There are other relevant precedents. When the U.S. took over Cuba 100 years ago it cancelled Cuba’s debt to Spain on the grounds that the burden was “imposed upon the people of Cuba without their consent and by force of arms.” Such debts were later called “odious debt” by legal scholarship, “not an obligation for the nation” but the “debt of the power that has incurred it,” while the creditors who “have committed a hostile act with regard to the people” can expect no payment from the victims. Rejecting a British challenge to Costa Rican laws cancelling the debt of the former dictator to the Royal Bank of Canada, the arbitrator — U.S. Supreme Court Chief Justice William Howard Taft — concluded that the Bank lent the money for no “legitimate use,” so its claim for payment “must fail.” The logic extends readily to much of today’s debt: “odious debt” with no legal or moral standing, imposed upon people without their consent, often serving to repress them and enrich their masters. ^1

The picture generalizes, and breaks little new ground. A study of the global economy points out that “defaults on foreign bonds by US railroads in the 1890s were on the same scale as current developing country debt problems.”5 Britain, France, and Italy defaulted on US debts in the 1930s. After World War II, there was reported to be heavy flow of capital from Europe to the United States. Cooperative controls could have kept the funds at home for post-war reconstruction, but, some analysts allege, policymakers preferred to have wealthy Europeans send their capital to New York banks, with the costs of reconstruction transferred to US taxpayers. The Marshall Plan approximately covered the “mass movements of nervous flight capital” that leading economists had predicted. ^2

• https://chomsky.info/19980515/

^1 Patricia Adams, Odious Debts (Earthscan, 1991); Lissakers, Banks, Borrowers. Witness for Peace, A Bankrupt Future: The Human Cost of Nicaragua’s Debt (WFP, 2000); Envio (Managua, Nicaragua: UCA), 18.220, Nov. 1999.

^2 Eric Helleiner, States and the Reemergence of Global Finance (Cornell Univ. Press, 1994).

The Noam Chomsky Website.

> .. Illegal #CapitalFlight in #SouthKorea was punishable by death.

> ... in 1961.. South Korea was poorer than North Korea, whose per capita GDP was nearly a third higher.

> Political scientists and economists working in the heterodox tradition tended to view Korea as a variant or special case of the #Japanese statist development model. That model had led to Japan’s economic takeoff years earlier and was now being applied by #PresidentPark in #Korea.
https://americanaffairsjournal.org/2020/02/korean-industrial-policy-from-the-arrest-of-the-millionaires-to-hallyu/
#DavidAdler

@SpaceLifeForm TBH, all #currency - even antique #metal #coins - is based off #fungibility.

• That's why #BurgerKing in #Germany accepted #USD and not just #Euro and would happily sell me a Cheeseburger for a $5 note just as with a €5 note ( they only exchanged in Euro but that's beyond the point).

The reason why I can't even buy fries with 5.000 KPW [North Korean Won] has nothing to do with North Korea, but entirely with the fact that noone wants that money.

• And that fungibility is why the #USD is even relevant and why the #Euro is stable: Because you can actualy buy shit with it.

#Gold, #Silver, #Platinum and even #Copper are not only inconvenient beyond small sums because they weight a lot but because their value sometimes fluctuates harder than #Monero and with the exception of Copper there had been Mass #Confiscations aka. state-based #theft of these per law.

• Therefore it's absurd to think that any metal- or other commodity-based currency could be established that would see actual use-case beyond being an expensive #Shitcoin aka. #SecuritiesFraud-based #Scam.

• The only reason #Bitcoin has any value is because #Billionaires and #Oligarchs use it to commit #TaxFraud and #CapitalFlight in order to have an #ExitStrategy left if or rather when their #Oligarchy - regardless if #Russia, "P.R." #China, #UK or #USA implodes to buy themselves in elsewhere as "#EconomicRefugees" or rather #fugitives in a juristiction that doesn't extradite them for their *"#WhiteCollarCrime".

• The only reason #Ethereum has any value is because it's the more "accessible" alternative to Bitcoin so mere #Millionaires can afford similar "#AssetProtection" strategies ...

• #Monero derives it's value not by having #Billions in on-paper-value locked in but entirely upon it's #fungibility and speed as a #PaymentSystem, beating #Hawala and #MoneyTransfer providers by so wide margins that it feels like #US-style #ACH Money Transfers getting steamrolled by #SEPA #WireTransfer: They ain't even in the same millenium!

So if you want to sell me on some #RareMetal #investment scheme: Please fuck off!

If not, disregard the last sentence...

Thanks.

@mook depends on how you define it.

#Monero works as a payment system - it doesn't replace #SWIFT but it's transaction volume exceeds #ALBA & #TransferRoubles by a long shot...

All the other #Shitcoins mostly exist as vessels for #Billionaires amd #Millionaires to commit #CapitalFlight and #TaxFraud if not all the regular #fraud schemes like #Ponzi and #ExitScam|s and #Rugpulls...

Buh-bye.

https://www.theguardian.com/commentisfree/article/2024/jun/21/britain-millionaires-leave-tax-havens-uk

#UKPol
#GeneralElectionUK
#CapitalFlight
#OffYouFuck
#BuhBye