RELYING ON PROPERTY AS AN ASSET HAS BECOME DEFECTIVE.
"It was the best idea 200 years ago, but if you own a thousand acres and then someone establishes a state, and a mayor gets elected who decides to spend lavishly, raising your taxes once, twice, thrice, soon the farming family can’t afford the taxes. Then, the government decides you’re the bad guy, takes all your land, and evicts you. Maybe it doesn’t happen directly; maybe first, you mortgage the farm, then can’t pay the mortgage, and the bank seizes your property."
"[...or] the great-grandfather buys a farm, the grandfather and the father both farm the land, but now they can’t pay the taxes on it and have to sell it, moving into apartments"
saylor (npub15dq…lm5m) at Bitcoin Atlantis in 2024
OneBigLife / One₿igLife
npub1dv…zypmm
2024-03-11 11:00:32
Author Public Key
npub1dvnf7m37lqws7edyk2n4ve5wczg75xyxl4f37w7q9452chxtts9q9zypmmPublished at
2024-03-11 11:00:32Event JSON
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"content": "RELYING ON PROPERTY AS AN ASSET HAS BECOME DEFECTIVE.\n\n\"It was the best idea 200 years ago, but if you own a thousand acres and then someone establishes a state, and a mayor gets elected who decides to spend lavishly, raising your taxes once, twice, thrice, soon the farming family can’t afford the taxes. Then, the government decides you’re the bad guy, takes all your land, and evicts you. Maybe it doesn’t happen directly; maybe first, you mortgage the farm, then can’t pay the mortgage, and the bank seizes your property.\"\n\n\"[...or] the great-grandfather buys a farm, the grandfather and the father both farm the land, but now they can’t pay the taxes on it and have to sell it, moving into apartments\"\n\n nostr:npub15dqlghlewk84wz3pkqqvzl2w2w36f97g89ljds8x6c094nlu02vqjllm5m at Bitcoin Atlantis in 2024",
"sig": "90ffdedc7737f7d7ef7a43126c4b9f8b3261988062e951b787d5d5c9d5d9c9b0fab772e89940a0d43df1507a5b7ab326f27a55a436723b5ce3e1e54214caae9b"
}