The government will inflate us to death one way or the other pic.twitter.com/2OnWPIqaWo
— Sean Harris🏀 (@BigSeanHarris) April 25, 2024
When will we hard check the government?
10:15a, 4/26/24
When will we hard check the government?
10:18a, 4/26/24
Elections are when people find out what politicians stand for, and politicians find out what people will fall for.
- Alfred E. Neuman
- Alfred E. Neuman
11:53a, 4/26/24
In reply to Algorithmic Epiphany
Never happen again.
The problem with democracy is that 20% of people provide 80% of societal production
The next 30% provide the other 15%.
Which means that half of society is pretty useless. So democracy left to its own devices implodes because the nonproductive 50% of people will always end up trying to rob the most productive 20%.
The 30% who are middling productive will do nothing until the lower 50% come to rob them too.
This human tendency is precicely why the US was intended to be a balance between democracy, and federalism and give more weight to society's productive individuals as they bear the burden pf funding society and the government at large.
Only that went out the window when senators started being voted on directly.
The goal of the current globalist is to put more and more people in the bottom 50% of producers to install socialism.
That threshold has been crossed
Algorithmic Epiphany said:The government will inflate us to death one way or the other pic.twitter.com/2OnWPIqaWo
— Sean Harris🏀 (@BigSeanHarris) April 25, 2024
When will we hard check the government?
Never happen again.
The problem with democracy is that 20% of people provide 80% of societal production
The next 30% provide the other 15%.
Which means that half of society is pretty useless. So democracy left to its own devices implodes because the nonproductive 50% of people will always end up trying to rob the most productive 20%.
The 30% who are middling productive will do nothing until the lower 50% come to rob them too.
This human tendency is precicely why the US was intended to be a balance between democracy, and federalism and give more weight to society's productive individuals as they bear the burden pf funding society and the government at large.
Only that went out the window when senators started being voted on directly.
The goal of the current globalist is to put more and more people in the bottom 50% of producers to install socialism.
That threshold has been crossed
11:54a, 4/26/24
Y'all need to be socking away as much as possible in Roth accounts to combat this (but let's be honest, they'll come for those someday too)
12:05p, 4/26/24
In reply to File5
Roth accounts, pfft
Now.
Self-custody bitcoin is the way. That why it's getting lambasted lately ad the only legitimate escape valve from failing USD.
Now.
Self-custody bitcoin is the way. That why it's getting lambasted lately ad the only legitimate escape valve from failing USD.
12:19p, 4/26/24
this pretty much always happens with socialism. look at venezuela recently as well as argentina... government must keep growing so they must keep taxing until everyone is so impoverished there isn't any tax revenue to confiscate & redistribute from the citizenry anymore - middle class disappears firsts - nor is there incentive for investment and growth as other countries with more attractive tax and reg environments are where investments go. nonetheless, government must still keep growing so they print and keep spending, devaluing the currency and impoverishing the citizens even more. ...but the other anti-socialist political party doesn't like it when you crush fetus skulls, so keep voting for impoverishing socialist regime. it's the lesser of two evils. maybe you can be poor early and get some of the free stuff they promise before it runs out.
12:26p, 4/26/24
in the long term, asset growth in generic market tracking funds beats inflation pretty reliably. mathematically, as long as your investment performance beats inflation you're coming out ahead even after CG taxes.
12:29p, 4/26/24
In reply to Old McDonald
"Why we shouldn't be worried about inflation or capital gains taxes."
Old McDonald said:
in the long term, asset growth in generic market tracking funds beats inflation pretty reliably. mathematically, as long as your investment performance beats inflation you're coming out ahead even after CG taxes.
"Why we shouldn't be worried about inflation or capital gains taxes."
12:44p, 4/26/24
In reply to Old McDonald
Are you the infamous "Two-teas"?
We've gone from "inflation really isn't a problem" to "well if poor/working class/middle class Americans would just become super savvy and astute investors, inflation wouldn't be such a problem".Old McDonald said:
in the long term, asset growth in generic market tracking funds beats inflation pretty reliably. mathematically, as long as your investment performance beats inflation you're coming out ahead even after CG taxes.
Are you the infamous "Two-teas"?
12:50p, 4/26/24
In reply to Old McDonald
Grow up.
UNTIL THEY TAX ALL THOSE GAINS.Old McDonald said:
in the long term, asset growth in generic market tracking funds beats inflation pretty reliably. mathematically, as long as your investment performance beats inflation you're coming out ahead even after CG taxes.
Grow up.
12:53p, 4/26/24
In reply to Old McDonald
You make 8% annually on investments typical market pegged.
They are going to tax ur UNREALIZED gains before you sell ur stock at 20%. That 8% gain just became 7.
Biden's new CG taxes are 44%.
That 7% just became 3.5
Inflation is 3.
You are making 0.5% a year on ur investments under the new model. Is that ur version of ahead?
Old McDonald said:
in the long term, asset growth in generic market tracking funds beats inflation pretty reliably. mathematically, as long as your investment performance beats inflation you're coming out ahead even after CG taxes.
You make 8% annually on investments typical market pegged.
They are going to tax ur UNREALIZED gains before you sell ur stock at 20%. That 8% gain just became 7.
Biden's new CG taxes are 44%.
That 7% just became 3.5
Inflation is 3.
You are making 0.5% a year on ur investments under the new model. Is that ur version of ahead?
12:58p, 4/26/24
well, the markets are inflated just like everything else. it's all good for the wealthy investment class for now until it crashes.. and it will. ...but first its the laborers and the middle class that will be hit hard.
1:08p, 4/26/24
In reply to Algorithmic Epiphany
Also, would crypto assets be subject to this tax due to "unrealized gains"?
4:25p, 4/26/24
In reply to Ags4DaWin
Thread over.
Ags4DaWin said:Old McDonald said:
in the long term, asset growth in generic market tracking funds beats inflation pretty reliably. mathematically, as long as your investment performance beats inflation you're coming out ahead even after CG taxes.
You make 8% annually on investments typical market pegged.
Biden's new CG taxes are 44%.
Inflation is 3.
You are making 1% a year on ur investments under the new model. Is that ur version of ahead?
Thread over.
4:29p, 4/26/24
In reply to Ags4DaWin
Now assign ratios of republicans to democrats to those numbers. Only then you will see who the economic anchors are.
Ags4DaWin said:Algorithmic Epiphany said:The government will inflate us to death one way or the other pic.twitter.com/2OnWPIqaWo
— Sean Harris🏀 (@BigSeanHarris) April 25, 2024
When will we hard check the government?
Never happen again.
The problem with democracy is that 20% of people provide 80% of societal production
The next 30% provide the other 15%.
Which means that half of society is pretty useless. So democracy left to its own devices implodes because the nonproductive 50% of people will always end up trying to rob the most productive 20%.
The 30% who are middling productive will do nothing until the lower 50% come to rob them too.
This human tendency is precicely why the US was intended to be a balance between democracy, and federalism and give more weight to society's productive individuals as they bear the burden pf funding society and the government at large.
Only that went out the window when senators started being voted on directly.
The goal of the current globalist is to put more and more people in the bottom 50% of producers to install socialism.
That threshold has been crossed
Now assign ratios of republicans to democrats to those numbers. Only then you will see who the economic anchors are.
5:51a, 4/27/24
In reply to Algorithmic Epiphany
50 years from now... digital version of "Blazing Saddles" will have a running time of 26 minutes. My DVD...
Yup. If you can't "hold" it in your hand... you don't own it. It's not rocket science.Algorithmic Epiphany said:
Roth accounts, pfft
Now.
Self-custody bitcoin is the way. That why it's getting lambasted lately ad the only legitimate escape valve from failing USD.
50 years from now... digital version of "Blazing Saddles" will have a running time of 26 minutes. My DVD...
8:12a, 4/27/24
In reply to JamesPShelley
Can you "hold" bitcoin in your hand? It blows my mind that the crypto pushers understand the logic of this, but fail to make the connection that there's no real, tangible asset there. And all these people act like they'll hide behind the anonymity of it. Is anyone really going to take the risk and hide their Bitcoin? Are you confident enough to risk serious jail time? There aren't many people on the planet who know how to remain truly anonymous on the internet. How will you spend it without them noticing?
Gold and other PMs are the only legitimate escape valve. Land, and other tangible assets are a close second. Crypto is pure speculation at this point.
JamesPShelley said:Yup. If you can't "hold" it in your hand... you don't own it. It's not rocket science.Algorithmic Epiphany said:
Roth accounts, pfft
Now.
Self-custody bitcoin is the way. That why it's getting lambasted lately ad the only legitimate escape valve from failing USD.
50 years from now... digital version of "Blazing Saddles" will have a running time of 26 minutes. My DVD...
Can you "hold" bitcoin in your hand? It blows my mind that the crypto pushers understand the logic of this, but fail to make the connection that there's no real, tangible asset there. And all these people act like they'll hide behind the anonymity of it. Is anyone really going to take the risk and hide their Bitcoin? Are you confident enough to risk serious jail time? There aren't many people on the planet who know how to remain truly anonymous on the internet. How will you spend it without them noticing?
Gold and other PMs are the only legitimate escape valve. Land, and other tangible assets are a close second. Crypto is pure speculation at this point.
10:37a, 4/27/24
In reply to Helicopter Ben
You can hold bitcoin in your head by remembering 12 words. Physical tangible objects can be stolen after death where bitcoin cannot.
Bitcoin isn't anonymous its pseudonymous.
A people that cannot protect their 1st or 2nd amendment rights don't own anything anyways, they're allowed to breathe by their godly government.
Maybe the wrong questions are being asked.
If you're unwilling or too apathetic to do that then the only option is to move locales, as gold is very simple to seize and meat puppets very simply destroyed through any number of means and physical assets seized or stolen.
Bitcoin isn't anonymous its pseudonymous.
A people that cannot protect their 1st or 2nd amendment rights don't own anything anyways, they're allowed to breathe by their godly government.
Maybe the wrong questions are being asked.
Quote:
"Unapologetically and vigorously defending people's rights is the correct reaction."
If you're unwilling or too apathetic to do that then the only option is to move locales, as gold is very simple to seize and meat puppets very simply destroyed through any number of means and physical assets seized or stolen.
5:28p, 4/27/24
In reply to Algorithmic Epiphany
So you're admitting there's nothing real of value in regards to Bitcoin?
A distinction without a difference. My questions were about how you intend to use it? FDR passed the gold confiscation act when it became obvious they had already inflated the money supply too much. You didn't have to tell them you had it, but overnight you became a criminal. And back then it would've been much easier since there's no paper trail if you purchased gold in cash. Hell, our coins used to be silver so you could've just exchanged paper for silver.
Let's say the government banned or severely regulated crypto and decided to make the punishment for non compliance severe. And let's assume there's no way to seize it without your key. Would you really dare to withhold that from them when facing serious jail time? If Bitcoin really was the threat to fiat it's made out to be, then I believe this is or something similar is what we'd be looking at. And considering the lock-step uniformity of the global response to COVID, you can expect the rest of the world to follow in similar fashion.
Algorithmic Epiphany said:
You can hold bitcoin in your head by remembering 12 words. Physical tangible objects can be stolen after death where bitcoin cannot.
So you're admitting there's nothing real of value in regards to Bitcoin?
Quote:
Bitcoin isn't anonymous its pseudonymous…
A distinction without a difference. My questions were about how you intend to use it? FDR passed the gold confiscation act when it became obvious they had already inflated the money supply too much. You didn't have to tell them you had it, but overnight you became a criminal. And back then it would've been much easier since there's no paper trail if you purchased gold in cash. Hell, our coins used to be silver so you could've just exchanged paper for silver.
Let's say the government banned or severely regulated crypto and decided to make the punishment for non compliance severe. And let's assume there's no way to seize it without your key. Would you really dare to withhold that from them when facing serious jail time? If Bitcoin really was the threat to fiat it's made out to be, then I believe this is or something similar is what we'd be looking at. And considering the lock-step uniformity of the global response to COVID, you can expect the rest of the world to follow in similar fashion.
6:36p, 4/27/24
In reply to Helicopter Ben
What asset do you have that is exempt from government seizure under the hypothetical conditions you just described?
Helicopter Ben said:Algorithmic Epiphany said:
You can hold bitcoin in your head by remembering 12 words. Physical tangible objects can be stolen after death where bitcoin cannot.
So you're admitting there's nothing real of value in regards to Bitcoin?Quote:
Bitcoin isn't anonymous its pseudonymous…
A distinction without a difference. My questions were about how you intend to use it? FDR passed the gold confiscation act when it became obvious they had already inflated the money supply too much. You didn't have to tell them you had it, but overnight you became a criminal. And back then it would've been much easier since there's no paper trail if you purchased gold in cash. Hell, our coins used to be silver so you could've just exchanged paper for silver.
Let's say the government banned or severely regulated crypto and decided to make the punishment for non compliance severe. And let's assume there's no way to seize it without your key. Would you really dare to withhold that from them when facing serious jail time? If Bitcoin really was the threat to fiat it's made out to be, then I believe this is or something similar is what we'd be looking at. And considering the lock-step uniformity of the global response to COVID, you can expect the rest of the world to follow in similar fashion.
What asset do you have that is exempt from government seizure under the hypothetical conditions you just described?
7:31p, 4/27/24
In reply to Ags4DaWin
This is an extremely well written post and reflects the reality of the human experience since recorded / written history. Well done sir.
Ags4DaWin said:Algorithmic Epiphany said:The government will inflate us to death one way or the other pic.twitter.com/2OnWPIqaWo
— Sean Harris🏀 (@BigSeanHarris) April 25, 2024
When will we hard check the government?
Never happen again.
The problem with democracy is that 20% of people provide 80% of societal production
The next 30% provide the other 15%.
Which means that half of society is pretty useless. So democracy left to its own devices implodes because the nonproductive 50% of people will always end up trying to rob the most productive 20%.
The 30% who are middling productive will do nothing until the lower 50% come to rob them too.
This human tendency is precicely why the US was intended to be a balance between democracy, and federalism and give more weight to society's productive individuals as they bear the burden pf funding society and the government at large.
Only that went out the window when senators started being voted on directly.
The goal of the current globalist is to put more and more people in the bottom 50% of producers to install socialism.
That threshold has been crossed
This is an extremely well written post and reflects the reality of the human experience since recorded / written history. Well done sir.
7:32p, 4/27/24
In reply to Ags4DaWin
And then you follow up with this economics lesson. Outstanding post. That is how it's done. Thank you for your contribution to this thread.
Ags4DaWin said:Old McDonald said:
in the long term, asset growth in generic market tracking funds beats inflation pretty reliably. mathematically, as long as your investment performance beats inflation you're coming out ahead even after CG taxes.
You make 8% annually on investments typical market pegged.
They are going to tax ur UNREALIZED gains before you sell ur stock at 20%. That 8% gain just became 7.
Biden's new CG taxes are 44%.
That 7% just became 3.5
Inflation is 3.
You are making 0.5% a year on ur investments under the new model. Is that ur version of ahead?
And then you follow up with this economics lesson. Outstanding post. That is how it's done. Thank you for your contribution to this thread.
7:44p, 4/27/24
Inflation is a tax all by itself.
No matter what the crazy Modern Monetary Theory folks say.
No matter what the crazy Modern Monetary Theory folks say.
7:59p, 4/27/24
In reply to Definitely Not A Cop
The truth is, if this guy shows up at your house, it's probably best to give them whatever they ask for. But that was not my point. I'm saying that's all they need to do to destroy the BTC price. And if it gets that bad, it's far past time to flee the country. The point I was trying to make is that PMs exist in the real world. Bitcoin cannot be held. It can't be used for anything. Right now you can exchange it for a lot of fiat. But if that changes, you have literally nothing.
Definitely Not A Cop said:
What asset do you have that is exempt from government seizure under the hypothetical conditions you just described?
The truth is, if this guy shows up at your house, it's probably best to give them whatever they ask for. But that was not my point. I'm saying that's all they need to do to destroy the BTC price. And if it gets that bad, it's far past time to flee the country. The point I was trying to make is that PMs exist in the real world. Bitcoin cannot be held. It can't be used for anything. Right now you can exchange it for a lot of fiat. But if that changes, you have literally nothing.
9:26p, 4/27/24
In reply to Old McDonald
Jesus, stop posting already and embarrassing yourself.
Old McDonald said:
in the long term, asset growth in generic market tracking funds beats inflation pretty reliably. mathematically, as long as your investment performance beats inflation you're coming out ahead even after CG taxes.
Jesus, stop posting already and embarrassing yourself.
6:01p, 4/28/24
Here's a reminder that the Fed quietly did away with fractional reserve banking in Feb 2020.
— AJ Nobody ⚡🏴 (@orion_kos) April 28, 2024
It's now fictional reserve banking. pic.twitter.com/gDnEuUVlNz
Too bad we can do nothing but stick our thumbs in our butt.
9:04p, 4/28/24
In reply to Ags4DaWin
the taxes you're referring to don't currently exist, and as proposed if they did they wouldn't apply to 99+% of people. so you're not really refuting anything I said.
the op tweet says capital gains taxes make it so you can never escape inflation, which is demonstrably wrong with just basic math.Ags4DaWin said:Old McDonald said:
in the long term, asset growth in generic market tracking funds beats inflation pretty reliably. mathematically, as long as your investment performance beats inflation you're coming out ahead even after CG taxes.
You make 8% annually on investments typical market pegged.
They are going to tax ur UNREALIZED gains before you sell ur stock at 20%. That 8% gain just became 7.
Biden's new CG taxes are 44%.
That 7% just became 3.5
Inflation is 3.
You are making 0.5% a year on ur investments under the new model. Is that ur version of ahead?
the taxes you're referring to don't currently exist, and as proposed if they did they wouldn't apply to 99+% of people. so you're not really refuting anything I said.
9:18p, 4/28/24
In reply to El Gallo Blanco
if buying shares of VOO in your IRA is your idea of "super savvy astute investing" well… maybe you should be worried about your financesEl Gallo Blanco said:We've gone from "inflation really isn't a problem" to "well if poor/working class/middle class Americans would just become super savvy and astute investors, inflation wouldn't be such a problem".Old McDonald said:
in the long term, asset growth in generic market tracking funds beats inflation pretty reliably. mathematically, as long as your investment performance beats inflation you're coming out ahead even after CG taxes.
Are you the infamous "Two-teas"?
11:13p, 4/28/24
It takes real heroes to defend the honor and nobility of more taxes and bigger government
8:36a, 4/29/24
In reply to Old McDonald
Income inequality isn't I a problem either. I mean the poor have the ability to invest just like the wealthy.
Old McDonald said:
in the long term, asset growth in generic market tracking funds beats inflation pretty reliably. mathematically, as long as your investment performance beats inflation you're coming out ahead even after CG taxes.
Income inequality isn't I a problem either. I mean the poor have the ability to invest just like the wealthy.
8:42a, 4/29/24
In reply to El Gallo Blanco
It's disturbing that someone has this take.
El Gallo Blanco said:We've gone from "inflation really isn't a problem" to "well if poor/working class/middle class Americans would just become super savvy and astute investors, inflation wouldn't be such a problem".Old McDonald said:
in the long term, asset growth in generic market tracking funds beats inflation pretty reliably. mathematically, as long as your investment performance beats inflation you're coming out ahead even after CG taxes.
Are you the infamous "Two-teas"?
It's disturbing that someone has this take.