81 sats \ 2 replies \ @freetx 8 Aug \ parent \ on: Why not eliminate taxes on all income? econ
I heard Buffet give a talk one time basically saying that at a certain scale there is nothing you can do with your money but buy bonds.
Think about it in shitcoin terms. Yes, kids playing with $100 can make money with PREGNANT-OBAMA-BUTT coin, however its impossible to actually play that game with 100x that money because you will destroy the market (swamp all liquidity and drive prices crazy).
If you have 100M there are lots of good investments / safe allocations. At 1B in cash the options dwindle significantly. At 100B there is no place to put your cash other than US Bonds, because its simply too much cash to be absorbed by anything else.
SMCI and NVDA options and derivatives!
Annual federal government budget is 6 trillion dollars.
China and Japan and other foreign governments make big purchases of USA bonds. They used to buy more.
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That's right. There's nothing else that's always for sale in that quantity.
Here's the obligatory "Bitcoin fixes this".
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