Leo Fernevak on Nostr: This. My father passed away in his early sixties before he even had a chance at ...

This.

My father passed away in his early sixties before he even had a chance at retirement.

To this we can add that the social security system is a scam - gen X and future generations will not be able to exist, and certainly not independently with their dignity in place, on government handouts.

In the face of the threat of CBDCs, which are programmable coupons that can be restricted in any manner imaginable, Bitcoin is the only chance of permissionless hard money that cannot be debased.

I wrote a short program that calculates the loss of purchasing power over a 45 year career. If the taxrate was zero and inflation was "only" 2% per year, the loss of purchasing power on savings is ~35% over a 45 year career.

Below is a visualization of 6 examples of how savings are impacted by taxes + inflation on a year-by-year basis.

After 45 years of work, the savings from the first work year might have lost 96%+ of its purchasing power.