admittedly
i can understand being a copblob
i can't really understand the appeal of being a tax man
🇳🇱
@icedquinn I was friends with a tax man. He turned out to be a POS but I can maybe shine some light on their thinking.
They think they are doing a public service. They arent really anti-rich usually or anything like that. But they do think they are making america a better place by doing a necessary service.
@icedquinn @freemo Keeping the money printer going. That's what causes inflation. Taxes won't stop inflation.
which amounts to a very elaborate reverse robinhood where the state continously issues loans for more money than exists and seizes it to pay off ever increasing debt loads.
@icedquinn @freemo The debasing of currency didn't work out well for the Roman Empire. They did it to fund their endless wars.
100% of people who eat spinach eventually die. Therefore spinach must be unhealthy.
@freemo @icedquinn The US currency used to be backed by gold bullion.
Yea, thankfully when we learned just how unstable that made our economy we changed it. In fact the great depression was a huge reason to get off the gold standard as it was a large contributing factor
we changed that because the government went bankrupt (and very significant backroom shenanigans went in to the creation of the Fed, which was widely thought of as a terrible idea)
yea no, not what happened. The fiat being gold-backed was well established as a problem not a boon.. and while yes some people object to the fed and im not saying the fed and the way it structured is a good idea by any means, but not backing money with gold was absolutely the right decision.
every fiat currency fails for the same reason: the government catastrophically implodes and the money has no intrinsic value.
spot price on gold and silver varies but it has remained above zero for a significant period of recorded human history. fiat currencies don't outlive the political implosion. i'm partial to trading actually useful goods as a store of value but nobody asks me.
Being above 0, yet wildly varying in buying power is not an indication of success quite the opposite.
Just as fiat money which is demonstratably more stable, usually over long periods of time, and then failing when the government fails is likewise not an indication it was a failure overall. Sure eventually it may fail in the end along with the nation that backs it, but the rest of the time it is wildly more useful than gold due to its stability.
@freemo @icedquinn I thought it was caused by the Fed and the crash of the stockmarket.
Not the federal bank, the fed hadnt existed yet. It was created as part of the solution.
It was a stockmarket crash, and the full details are rather involved, but the gold backing the money was a central part of the problem and removing that fixed it, which is why we have never seen a crash remotely likely it since.
some retard gambled too hard on corn futures and now the entire food sector collapses.
so the solution is ... oddly, pretty much never to maybe stop letting people do that.
Yea and? WE arent discussing stock market crashes or their effect on economies as a whole. We are talking about crashes in economy related to how we back our money. Crashed from other sources like the stock market is another matter.
> retards cause financial collapse
> government steals gold
> government then declares currency as fiat
if the gold was soooo volatile and useless why did they officially steal it and replace it with the new fiat notes?
:ablobcateyeroll:
> this is gold's fault somehow though and it was morally good
wrong
and yet we have never seen a financial collapse like it since... the theory explained it would happen, the theory explained by not backing it with gold, and now it doesnt happen like it used to.
Proof is in the pudding.
