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@ Satoshis Nephew
2025-04-27 15:46:06
On a space last month I made the comment that the printing of money by governments and central banks is theft, and the only way to protect yourself against said theft is to invest and try to beat the rate of debasement post inflation.
In response I was told “So then what’s the problem ? Just invest and it’s fine. Stop complaining.”
Here’s my response:
Think of money printing as the government coming to your house each year, punching you in the face, forcefully taking 10-12% of your income as well as your life savings, and then telling you the following:
➡️ Hey, if you want your money back, you have to put up the money you have leftover after we stole from you, and gamble it in a stock or real estate casino in the hopes of recovering the money we stole from you.
Key points to note:
👉 You will likely recover only some or none of the money we stole from you.
👉 We will heavily tax what you partially recover.
👉 Some people will not only recover nothing but they will even lose some of the leftover money that they put up.
👉 Only a small % of people will recover the entire some post tax each year, and an even smaller % will turn a profit.
👉 It will become increasingly difficult to recover the entire sum post tax and you will have to dedicate a part of your life studying the casino game.
👉 We will keep increasing the tax on your recovered some making it more difficult for you to recover what we stole from you via inflation.
👉 If you fail to become a part time hedge fund manager or master this casino game, you will be impoverished and forced to work forever just to survive.
👉 This casino game will distort the incentives in the economy by rewarding speculation and punishing productivity.
👉 It will lead to social upheaval, extreme inequality, short term thinking, lower birth rates, higher crime rates, high drug consumption, more medical problems and lower quality of life.
Inflation doesn’t become okay just because you might be able to recover some of it via investing.
Thats the equivalent of saying theft is okay as long as the thief gives you the option of gambling your left over money to try to recover part of what he stole from you.
#bitcoin #freedom #nostr #hardmoney