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"Increasing the progressiveness of the tax system to ensure that the marginal tax rate is rising will redistribute income from the higher paid to the lower paid."...

I wouldn't argue that because that's not how it works in practice, taxation does not directly fund government spending. Im not sure where the 'argument' is around redistribution because that's what happens, tax policy ensures that the lowest income earners are left with a larger slice of their...

Only the most extreme libertarian nuts jobs subscribe to the idea that taxation is theft. Most rational people understand the need to redistribute wealth in order to tackle inequality.

Except the founder of bitcoin is believed to own over 5% of the total number of Bitcoins that can ever be generated - a destabilising amount. We don't even know who he (or organisation or state) is yet this seems to be absolutely of know concern at all? Ultimately in a world where Bitcoin (or...

Just because the technology might have a use doesn't mean that that the specific shitcoins that he buys now are going to have a use and be worth more in the future.

Banks are already using blockchain technology, JP Morgan has developed its own crypto currency and central banks are looking at their own digital currencies. There is no doubt that they see a potential value in the technology, and once it moves past the proof of concept stage of course they will...

Yes, which is exactly my point!

How does Crypto solve fluctuating exchange rates? Bitcoin is down 4% against the US dollar today!

Not sure I understand this argument, yes our political system is corrupt however in terms of currency the pound has been pretty stable and inflation has historically been well controlled. Stability HAS pretty much been guaranteed. In comparison the crypto market seems to me like the wild west...

I think there are undoubtedly many uses for blockchain technology but this doesn't necessarily mean that the long-term prognosis for crypto currencies as an investment is still good. My take on the ridiculous prices rises over the past couple of years is that they have directly correlated with...

Well thats a very interesting but completely false narrative.... Its got nothing to do with age, its a type of person that seems to be driving this stuff, and from spending time in Gibraltar where theres an established blockchain community, all over there so as they can avoid paying tax, they...

Strictly speaking dollars could still be exchanged for gold until 1971 (by foreign governments that held a trade surplus with the US)! Surely the value to a collector in owning a stamp has as much to do with the physical enjoyment of that stamp and the additional benefits that ownership brings...

Because the value of the tenner doesn't exist in the form of a note and money hasn't been backed by gold since the 1970's. The note or the numbers in your bank account are only valuable because you need it to operate within the system. Currency really only has value because the government issue...

I read somewhere that NFT's are potentially a great way to launder money, may help explain some of these inflated prices.

I would imagine that Buffett is talking about the underlying value that a company has when you strip away any speculation about possible future value and potential i.e. the value of assets owned by the company and the things that it produces. The only value of a crypto currency right now is the...