Thread
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?
Replies (12)
Don’t forget, those politicians vote to increase their wages in line with the inflation they create, as well as purchase those assets before you can with the knowledge they’re about to spend that printed money on their friends and special interests!
They will devalue our money, which makes us poorer.
This forces us to invest to retain the value they’re stealing.
Then they tax us on the attempted value preservation.
It’s almost as if they want us to be poorer…
I almost think it’s not even that malicious. Just short-sighted, self-interested individuals with access who easy money and a lack of meaningful exposure to (or care for) the downstream impacts of their greed
I think you’re right. I believe most of them probably think their job is necessary and they’re doing good for the public.
Agreed. I believe most people — even those I disagree strongly with — are probably well-intentioned and trying to do “good” (although whether that’s good for the world, or their community, or family, or self, is a gray area).
A lot of it comes down to framing and if they’re looking at things through the wrong frame, they simply won’t see it for what it is.
You seem to have understood the situation perfectly. Is there a problem?
