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
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.
