BTC2Ben on Nostr: Happy new year! Just a reminder that in a fiat based society, we are incentivized to ...
Happy new year!
Just a reminder that in a fiat based society, we are incentivized to have a banking relationship along with a debt for every asset we own. This is done to avoid paying taxes on profit from selling. The idea is to have an ever increasing amount of assets and debt. This is considered 'wealthy'.
Question: who benefits most from this setup? Is it the banks?
Why would we want such a fragile setup to be considered the end goal?
#bitcoin
#finance
#wealth
Just a reminder that in a fiat based society, we are incentivized to have a banking relationship along with a debt for every asset we own. This is done to avoid paying taxes on profit from selling. The idea is to have an ever increasing amount of assets and debt. This is considered 'wealthy'.
Question: who benefits most from this setup? Is it the banks?
Why would we want such a fragile setup to be considered the end goal?
#bitcoin
#finance
#wealth