disruptvestor on Nostr: Your taxes were never cut, they were simply exchanged for a debased currency! Ever ...
Your taxes were never cut, they were simply exchanged for a debased currency!
Ever since the U.S. got-off the Gold Standard in 1971, the rates across different types of taxes fell significantly. This sustained drop is tax rate was advertised as "deregulation & tax reforms".
However, the truth is that an alternate source of funding was adopted. And, this source was, you guessed it - U.S. dollar debasement.
On one hand, the visible taxes were lowered and kept there. And on the other, debasement's stealth tax was used to fuel government spending.
Bitcoin was not around during the 70s, 80s & 90s, BUT we have it now! Bitcoin has a fixed supply and it cannot be debased.
People who save in Bitcoin, opt-out of paying this stealth tax.
Study #Bitcoin.
Ever since the U.S. got-off the Gold Standard in 1971, the rates across different types of taxes fell significantly. This sustained drop is tax rate was advertised as "deregulation & tax reforms".
However, the truth is that an alternate source of funding was adopted. And, this source was, you guessed it - U.S. dollar debasement.
On one hand, the visible taxes were lowered and kept there. And on the other, debasement's stealth tax was used to fuel government spending.
Bitcoin was not around during the 70s, 80s & 90s, BUT we have it now! Bitcoin has a fixed supply and it cannot be debased.
People who save in Bitcoin, opt-out of paying this stealth tax.
Study #Bitcoin.