RE: Market update: January 18th 2018. According to several outlets, regulations of crypto currencies in South Korea will be decided today, thursday 18th January. AND south korean officials caught insider trading.

Today however, things are different, and in countries like Norway, we pay up to 60% in taxes and fees combined. Imagine how incredible our lives could have been if we had private control over that extra 60%..

Do you think that the insane amount of consumer debt here in Norway (in relation to the amount of advertisements you see for consumer credit) is or could be correlated with the high amount of taxes? This might sound rhetorical, but I really don't know. However, my hypothesis is that, potentially, the amount of debt load one must take is in proportion to how much one can exploit from their labour; if they cannot exploit it to it's fullest potential in a consumerist society, they end up in debt much quicker than it should be.

For what it is worth, that 60% comes in both income, potentially wealth, and sales taxes (MVA, which amount to 25%, except for certain food products that last time I actually paid attention to a grocery receipt). And don't even dare to even include alcohol or tobacco.

Many people all around the world want to defer their financial wealth be it to government, the movements of the stock market or advisors. I think bearer instruments like precious metals or bitcoin is vote with your money, particularly when you are willing to hold it yourself.