[objclxt]

> you need to be very careful about tying your public identity to any statements about holding this amount of cryptocurrency. I've seen extremely well targeted (successful) spear phishing and identity theft attacks to steal bitcoin

...and hopefully you correctly reported the profit/loss on those coins to your friendly tax authority, otherwise it's not just thieves who will be out to get you.

[Ntrails]

> it's not just thieves who will be out to get you.

Man I hate the implication that the tax man is being unreasonable by applying basic goddamned tax rules to profits made in all of a persons enterprises. They aren't out to get you, they're out to collect a "fair" proportion of your earnings to pay for a crapload of services which you and your community use every god damned day.

[topbanana]

You say they're basic. But in the U.K. currency speculation profits are tax free

[raverbashing]

You have to check if it's considered as currency trade or capital gains (=profits)

[qeternity]

Not true. Spread betting is tax free, which most retail FX trading is conducted as. But people don't realize they are paying huge implicit trading costs to do this. And institutional investors (who certainly don't use spread betting accounts) pay ordinary rates on FX trading just like anything else.

[mylons]

tax collectors were public enemy #1 in the new testament.

[Erik816]

For the local colonized populace, not for Jesus.

[TremendousJudge]

well that closes the case then

[logicchains]

Assuming the person you're replying to is an American, the majority (> 70%) of the federal budget (http://federal-budget.insidegov.com/l/119/2016) goes to military spending, interest payments, pensions and welfare. If the person you're replaying to is a software developer, they're likely financially independent and not relying on any such services.

[rjp0008]

How is any American not relying on military spending? In any case, we decided as a society that even if you aren't using programs you still need to contribute to them. That's how they get funded... You think the people on safety nets pay enough in taxes to pay for the programs?

[stale2002]

Because 99% of the military's job isn't to protect us. It is to bomb counties that we should be ignoring.

[fivestar]

I actually think the "bombing other countries" is just a horrible side effect of the MIC system that is designed to absorb a tremendous amount of wealth and filter it to those corporations. They have us all living in fear while they create the enemies. As we saw in the UK yesterday, all that spending did not prevent another horrific suicide bombing.

We need real defense, not corporate welfare.

[Retric]

Over the last 20 years 'War' has averaged less than 50% of US military spending. ICBM subs for example have been expensive and unused.

[fivestar]

The nuclear deterrent has prevented a world war that would probably wipe out our species, though.

[mikeash]

And if the Federal government stopped paying for all that stuff, what would happen? Financial collapse, chaos, and perhaps war. Would our hypothetical financially independent software developer be able to continue living his life in the same way when that happens? I doubt it.

It's foolish to think that you only benefit from government spending if it results in money in your bank account or services you directly, personally take advantage of.

[stale2002]

There would actually be less war, seeing as we are the one who starts them.

I'd argue that the "benefit" of getting rid of all the unnecessary wars would vastly outweigh all the "drawbacks" of the supposed chaos that would happen by getting rid of all the other programs.

IE, getting rid of all of it at the same time would be massive benefit to the overall world, in aggregate.

[mikeash]

Halting interest payments on the US government's debt would instantaneously crash the world economy. This would almost inevitably lead to massive wars, not these little brushfire wars we have today.

[stale2002]

You don't have to default on any debt.

All you got to do is pay it off.

We could solve the debt problem is the same way that Andrew Jackson did. By selling off a bunch of government assets. The amount of debt we half is a drop in the bucket, compared to total government assets.

[Ntrails]

That's why I said "and community" - because even the most self sufficient person lives in a world surrounded by other people who do use services. Be that the person who packs their amazon drone, or makes their coffee, or sleeps on their streets.

If you want to claim that military spending is not something you should fund. I suggest getting out of your bubble and campaigning to help elect people who agree with you. The price of democracy, in the meantime, is a bunch of military spending.

[monochromatic]

There's a deterrence effect though.