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10 sats \ 3 replies \ @ek 30 Sep 2022 \ on: Honest question - how would we handle Hurricane XXX recovery under BTC standard? bitcoin
Is stuff like this handled by money printing? Aren't there insurances and emergency funds (from the government) for this?
Honest question, I have no idea. Very good question, I also thought about this before but never really looked for an answer!
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5 sats \ 2 replies \ @nerd2ninja 30 Sep 2022
Emergency funds from the government is money printing. However, a consideration for taxes could also be made here.
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0 sats \ 1 reply \ @ek 30 Sep 2022
With emergency fund I meant money that is set aside for emergencies.
And yes, this could be funded via taxes.
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0 sats \ 0 replies \ @NachoKeys OP 2 Oct 2022
I struggle to imagine how long it would take to get a tax raise thru our political bodies. Desantis was against funds for NYC in 2012 but wants them now.
Money needs to be injected ASAP so to me tax raises not the solution.
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