This is why I laugh at every early adopter techbro who has $400,000 in theory they can never spend because they accidentally sent a paper wallet through the washing machine
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It's better than being robbed by the Federal Reserve so the government can wage more wars.
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It actually isn't
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Replying to @arthur_affect @Nobody4Governor and
When Mr Paul eventually buys something with that bitcoin or withdraws it into cash or whatever, it gets taxed anyways. It is still just fancy digital property, like any other collectors item to the fed.
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Replying to @OregonRolledA20 @arthur_affect and
But the biggest tax ... the one that impoverishes the most people ... is the inflation tax. This literally makes the rich richer, and the poor poorer. Because rich people hold real property, while poor people are trying to "save money".
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Replying to @Nobody4Governor @OregonRolledA20 and
...No it doesn't, it's a "stealth tax" on wealth, which by definition the rich have and the poor do not
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Replying to @arthur_affect @Nobody4Governor and
The actually POOR poor have negative wealth, ie debt The Christian moralizing about debt that underlies this wacky goldbuggery is thinly disguised contempt for the poor, as much as people deny it
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Replying to @arthur_affect @OregonRolledA20 and
The actually poor can't get loans. You know who has a lot of debt, though? Donald Trump.
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Replying to @Nobody4Governor @OregonRolledA20 and
And his creditors are also very wealthy people and institutions, not "the poor"
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Replying to @arthur_affect @OregonRolledA20 and
Who also hold most of their assets on something other that dollars. As a matter of fact, they are mostly short dollars, since that is what the poor people deposit into their bank accounts.
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Actually poor people, by definition, don't have dollars in their bank accounts
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