Dissident Sound on Nostr: OK it is too late in the day for me to process what you wrote so i will instead talk ...
OK it is too late in the day for me to process what you wrote so i will instead talk about simpler stuff that i can at least somewhat understand.
my controversial opinion is that theft through money printing is a good thing. the government needs to be financed somehow and of all the ways it can be done money printing affects me the least since i don't hold cash. sure prices can potentially increase but it doesn't matter unless you're on fixed income. somebody has to pay for government's expenses ( like making all the bombs they send to Israel ) and i would rather it be paid by somebody else than me, and with money printing that's exactly what we get - we get suckers who hold cash to pay for government waste, to bail out banks and so on. maybe even they don't pay anything - maybe economic growth pays everything.
my concern is how to stop government stealing from ME !
so let's say i get out of cash by buying a house ... now i have to pay property tax ... which in New Jersey is about 2% ... that is about the same as inflation ! ! !
or let's say i invest in some kind of Index Fund ... will i then have to pay capital gains tax ? ( sorry i don't know anything about this )
in other words inflation is the low hanging fruit for government - the easiest way for them to steal and the last thing any intelligent person needs to worry about because intelligent people do not hold cash ...
but even though the government will always target the weakest ( stupidest ) victims first ( target cash holders with inflation ) you can only extract so much money from them because they are all poor to begin with ...
all this really accomplishes is keeps about half the population in perpetual poverty ...
at some point they must extract wealth from the middle class that has actual assets and not just money stuffed in a mattress ... so how do they do it ? and how can we avoid it ?
i suppose we could buy bitcoin ... but aside from it being a meme asset i also wonder - how is it even legal ? i mean wouldn't have you to tell the government that you own it ? if you make profits from it - would that be something the government might expect a cut from in form of capital gains tax ? ( again, sorry, i know nothing about this )
my controversial opinion is that theft through money printing is a good thing. the government needs to be financed somehow and of all the ways it can be done money printing affects me the least since i don't hold cash. sure prices can potentially increase but it doesn't matter unless you're on fixed income. somebody has to pay for government's expenses ( like making all the bombs they send to Israel ) and i would rather it be paid by somebody else than me, and with money printing that's exactly what we get - we get suckers who hold cash to pay for government waste, to bail out banks and so on. maybe even they don't pay anything - maybe economic growth pays everything.
my concern is how to stop government stealing from ME !
so let's say i get out of cash by buying a house ... now i have to pay property tax ... which in New Jersey is about 2% ... that is about the same as inflation ! ! !
or let's say i invest in some kind of Index Fund ... will i then have to pay capital gains tax ? ( sorry i don't know anything about this )
in other words inflation is the low hanging fruit for government - the easiest way for them to steal and the last thing any intelligent person needs to worry about because intelligent people do not hold cash ...
but even though the government will always target the weakest ( stupidest ) victims first ( target cash holders with inflation ) you can only extract so much money from them because they are all poor to begin with ...
all this really accomplishes is keeps about half the population in perpetual poverty ...
at some point they must extract wealth from the middle class that has actual assets and not just money stuffed in a mattress ... so how do they do it ? and how can we avoid it ?
i suppose we could buy bitcoin ... but aside from it being a meme asset i also wonder - how is it even legal ? i mean wouldn't have you to tell the government that you own it ? if you make profits from it - would that be something the government might expect a cut from in form of capital gains tax ? ( again, sorry, i know nothing about this )