210 sats \ 3 replies \ @l0k18 31 Jul 2023 \ on: reality for the young multicoiners: hold 20-30 years bitcoin
To be fair, it's a pretty nasty financial system that makes it so that only the top 10% of entrepreneurs ever make enough to keep doing it.
As a simple technician or artist, I should not have to struggle to keep the value of my surplus income. That's the problem Bitcoin solves.
And everyone knows the reality: the majority of "successful entrepreneurs" these days are just specialists in feeding from the general revenue, and nothing to do with serving customers better, cheaper, or faster.
Indeed. This is because of the massive overhead, taxes, and ultimately the INTEREST that must be paid on debt-based scam money from the FED that businesses/entrepreneurs use in their fiat economy. It should be EASY to make success and wealth in business, if we have DEBT-FREE MONEY and freedom from government taxation/enslavement. Bitcoin fixes this.
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The top 10% is a pretty bold statement. Number is higher probably
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You mean lower, and that even less than 10% run businesses that don't end up broke before 5 years.
That's fiat for you.
Of course you can't make a living if you wind up paying over 60% of your income indirectly or directly to taxes. And then 30% will be eaten away by inflation.
It's incredible the audacity of the people doing business under the cloak of government these days. I mean, how can a society have any justice or wealth when such rampant thievery is legalised??? They aren't just after a few percent of your profit. They want everything, and if you'll give up your first born they have that too.
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