The money supply has doubled over the past 10 years. On the average there are 6% new dollars each year, and that devalues the existing dollars. So how is it that after 10 years I now have 50% the purchasing power, and yet my taxes are still at the same level?
21 sats \ 1 reply \ @Winitober 6 Oct
It’s the modern version of feudalism. There is an aristocracy who own most of the assets. The rest are serfs who pay rent. But without the noblesse oblige. You are a deplorable so who cares if you suffer.
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0 sats \ 0 replies \ @RoundaboutStacker OP 6 Oct
so well said, thank you for this one :-/
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21 sats \ 1 reply \ @byzantine 5 Oct
yes and your assets when sold have capital gains that are at least proportional to the money supply growth
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0 sats \ 0 replies \ @RoundaboutStacker OP 6 Oct
hadn't gotten that far yet, yes this!
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0 sats \ 1 reply \ @Msd0457890 5 Oct
An example of how fiat money is worth less every day and shows that Bitcoin is our only refuge.
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0 sats \ 0 replies \ @RoundaboutStacker OP 6 Oct
There is no second best.
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0 sats \ 1 reply \ @Satosora 5 Oct
The objective is to keep you a slave to the system.
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0 sats \ 0 replies \ @RoundaboutStacker OP 6 Oct
The walled garden is lovely to live in, just ignore the person behind the curtain.
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