bostonwine on Nostr: So let me get this straight. In a democracy, un-elected government officials print ...
So let me get this straight. In a democracy, un-elected government officials print money for free, to spend on pet projects and give to their friends and special interest groups. By printing more dollars, they devalue the existing dollars, making my savings worth less, meaning that the money they printed wasn’t actually free and was in fact extracted from the value of my savings account. Then I’m expected to put my savings into a risky portfolio run by obviously untrustworthy executives, just so that the value of my savings might keep up with the constant and nonconsensual reduction of its worth in dollar terms by politicians that I didn’t vote for. And then, if that risky portfolio grows successfully and I want to trade those assets for dollars so that I can spend my savings when I need them later in life, I pay a tax to those politicians on the assets’ increase in dollar value, despite the fact that they only appear to have increased in price because of all the extra money that was printed between when I started saving and now, making every dollar worth less and thus requiring more dollars to buy the same asset in the future!?
First of all, what a fucking scam.
Second, where do I buy Bitcoin?
Published at
2024-02-07 19:53:07Event JSON
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"content": "So let me get this straight. In a democracy, un-elected government officials print money for free, to spend on pet projects and give to their friends and special interest groups. By printing more dollars, they devalue the existing dollars, making my savings worth less, meaning that the money they printed wasn’t actually free and was in fact extracted from the value of my savings account. Then I’m expected to put my savings into a risky portfolio run by obviously untrustworthy executives, just so that the value of my savings might keep up with the constant and nonconsensual reduction of its worth in dollar terms by politicians that I didn’t vote for. And then, if that risky portfolio grows successfully and I want to trade those assets for dollars so that I can spend my savings when I need them later in life, I pay a tax to those politicians on the assets’ increase in dollar value, despite the fact that they only appear to have increased in price because of all the extra money that was printed between when I started saving and now, making every dollar worth less and thus requiring more dollars to buy the same asset in the future!?\n\nFirst of all, what a fucking scam. \n\nSecond, where do I buy Bitcoin?",
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