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
@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.
i have a feeling if we gunned down wall street it would have had a more impactful effect