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Is the crypto boom & bust just part of 'every bubble being pricked' in wider market sell-off?
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<blockquote data-quote="user 4386" data-source="post: 657572" data-attributes="member: 4386"><p>Having somewhere to live is still as important. Land (not a consumable) is the biggest asset here. People don't stop working because it is not advantageous to do so - if you have people not working you have high unemployment not low unemployment (exactly the opposite of what we have here and in the USA). "Desired standard of living" is a function of economic conditions - it can be eating or having a roof to sleep under. Poor governments don't pay unemployment benefits that people can live on (so large numbers of people don't choose to stop working). 40% of Australians don't pay ANY net taxation at all now (i.e. the benefits that they get back from government exceed the tax they pay) - so taxation has no real impact on those less well off.</p></blockquote><p></p>
[QUOTE="user 4386, post: 657572, member: 4386"] Having somewhere to live is still as important. Land (not a consumable) is the biggest asset here. People don't stop working because it is not advantageous to do so - if you have people not working you have high unemployment not low unemployment (exactly the opposite of what we have here and in the USA). "Desired standard of living" is a function of economic conditions - it can be eating or having a roof to sleep under. Poor governments don't pay unemployment benefits that people can live on (so large numbers of people don't choose to stop working). 40% of Australians don't pay ANY net taxation at all now (i.e. the benefits that they get back from government exceed the tax they pay) - so taxation has no real impact on those less well off. [/QUOTE]
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General
General Chat
Is the crypto boom & bust just part of 'every bubble being pricked' in wider market sell-off?
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