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 @OregonRolledA20 and
And you dont' know that the wealthy do not hold dollars? You should learn something about economics. Rich people hold real estate, precious metals, stocks, and other investments. Not dollars.
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Replying to @Nobody4Governor @OregonRolledA20 and
"Other investments" includes debt (bonds and other obligations) This is a very major, significant asset class you mysteriously keep leaving out
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Replying to @arthur_affect @OregonRolledA20 and
It is an exception to the rule. But it's not the bigest asset class by any stretch. So tell me , why is it GOOD for governments to rob their people with bullshit money that loses value every single year?
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You know the whole history of the US is racked with periodic riots and violence from poor people EXPLICITLY DEMANDING MORE INFLATION right William Jennings Bryan's "cross of gold" speech
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Replying to @arthur_affect @Nobody4Governor and
On the subject of Bryan, what's your opinion of him? Would he have made a better president than McKinley/Roosevelt?
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Replying to @TellerGrim @Nobody4Governor and
*shrug* I don't know enough in detail to really have an opinion but as a lefty you kinda have to say yes
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