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70 sats \ 0 replies \ @antic 2 Dec 2023 \ parent \ on: The real genius of the wealth tax bitcoin
That worked back when we weren’t spending $1T/year just to service our debt payments. Double check the Fed spending vs income and then come up with a tax plan. I’ll give you a short cut: we can’t tax our way out of this system. It works in smaller countries where they don’t own $33T and counting in debt, and where they aren’t spending $6T/year. It won’t work here. There is no tax formula that will save us from the need to print more money.