42 sats \ 4 replies \ @antic 2 Dec 2023 \ on: The real genius of the wealth tax bitcoin
The craziest thing about the wealth tax idea is that even if we liquidated the entire net worth of every billionaire (somehow without crashing the economy since their wealth is mostly imaginary paper market value)—even if we did that—it wouldn’t cover 1 year of our spending deficit. We would still have to print money to feed the broken system.
BUT WHO WILL PAY FOR THE ROADS???
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We’ll print the roads too 😹
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In all seriousness, from living in a rural unincorporated town, the answer to that question is “no one” the “roads” are pure gravel/dirt anarchy and full of pockets 😹
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Impossible ser. I was told my tax dollars would build the roads. IMPOSSIBLE.
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