@sgtgary if the #USD won't become worthless toilet paper like #KPW then.

@haui @theruran @50htz @forthy42 @stman nah.

It's just that the "#PRC" wants to enforce it's tight money controls that basically prevent #CapitalFlight.
https://infosec.space/@kkarhan/116032029905122755

  • They already made it kinda impossible to transfer large amounts of money out via #UnionPay credit cards and withdraw that cash on an ATM.
Kevin Karhan :verified: (@kkarhan@infosec.space)

@haui@mastodon.giftedmc.com @theruran@masto.hackers.town @50htz@cathode.church @forthy42@mastodon.net2o.de @stman@mastodon.social I think it's simpler: *"P.R."* #China wants to prevent it's #millionaires and #billionaires from fleeing and #Cryptocurrency is their prime means of #CapitalFlight. - I kid you not, that is the whole background. OFC Cryptocurrency Mining Operations straining the National Grid was already outlawed for that reason, but #Shitcoins like #Bitcoin get banned so rich folks can't move their money and thus themselves overseas, ablebto survive as dissident refugees.v

Infosec.Space

@haui @theruran @50htz @forthy42 @stman I think it's simpler:

"P.R." #China wants to prevent it's #millionaires and #billionaires from fleeing and #Cryptocurrency is their prime means of #CapitalFlight.

  • I kid you not, that is the whole background.

OFC Cryptocurrency Mining Operations straining the National Grid was already outlawed for that reason, but #Shitcoins like #Bitcoin get banned so rich folks can't move their money and thus themselves overseas, ablebto survive as dissident refugees.v

Now it reached an all time high just above U$D 690...

Pretty much everyone is dumping #USD and preparing for the #US #Dollar to crash bottomless!

  • I'd not be surprised if this is used for many to escape #Trumpism and have unseizeable digital cash they can access when needed.

#NotFinancialAdvice OFC!

#USpol #USA #economy #Trump #Monero #CapitalFlight #refugees #tech #cryptocurrency

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

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

New Report: Employers in the USA Have Stolen Over $50 Trillion From Workers Since 1975

The Great Heist: How Employers Have Stolen Over $50 Trillion From Workers Since 1975

Medium

"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

A Society Governed by Whiny Rich People Throwing Tantrums

Every time we want to change society to benefit average people, we have to deal with ultrawealthy crybabies. We’re held hostage by those who already have it all. It doesn’t have to be like this.