disruptvestor on Nostr: You paying higher taxes doesn't reduce the budget deficits. Government spending is ...
You paying higher taxes doesn't reduce the budget deficits.
Government spending is out of control. The last time U.S. had a surplus federal budget was back in 2001.
Indexed to the year 2000, Tax Receipts have grown to 218% and the Budget deficits have grown to 717%!
Usually, governments finance these chronic deficits through currency debasement and debasement erodes your savings (& wealth). Plus, through inflation your purchasing power gets diminished.
You cannot control how much the government spends, but you can control where you save your hard earned money.
Study #Bitcoin!
Government spending is out of control. The last time U.S. had a surplus federal budget was back in 2001.
Indexed to the year 2000, Tax Receipts have grown to 218% and the Budget deficits have grown to 717%!
Usually, governments finance these chronic deficits through currency debasement and debasement erodes your savings (& wealth). Plus, through inflation your purchasing power gets diminished.
You cannot control how much the government spends, but you can control where you save your hard earned money.
Study #Bitcoin!