A 25 year-old may have had 4 years to save money and build wealth.
A 65 year old has had 40 years to save money and build wealth.
When I hear the young 25 year-olds complaining about all the "BOOMERS" unfairly holding so much wealth, I'm amazed of their complete lack of common mathematical sense. Those same boomers also faced rampid inflation their working lives.
A 65 year also dealt with wars, recessions, and unparalleled Wall Street and Washington criminality. The "Boomers" typically don't bash the generation before them and play victim. They know that taking on victomhood means being a loser. Hopefully this new generation of "participation trophy winners " will grow up, after they finally move out of their mommy's basement.
When a single 24 year old Person laments that they don't have a chance to build wealth, they are, amoung other things, ignoring a 2000 year old, mathematical-sociological-economic fact. That "fact" is that the common economic unit was always a married couple. ONLY in the last 3 decades has the idea come about that a single person can achieve and maintain a typical household economic unit. This idea doesn't make sense when considering thousands of years of history. Common sense dictates that people weren't designed to live in single units.
I think tainted, unfair, cheating, economic systems have caused the steady demise of the two person family unit and the subsequent fruitless quest for the single person autonomous economic unit. The huge problem is the single people are far more miserable in a myriad of ways, from financial, and health, to psychological.
World society is suffering in countless ways from bad, inflated, corrupted money. I'm grateful Bitcoin offers realistic hope.
Warning:
California's Gavin Newsome just signed a bill to AUDIT all crypto exchanges with any presence in California. He snuck this in under an "unclaimed property" law.
I you live in California, DO NOT, have your Bitcoin on an exchange. Newscum " Getty" wants to take it .
If Satoshi's goal was to destroy the world's central banks, "they" would have planned to distribute Bitcoin in exactly they way it has been. Its has been VERY equally distributed around the world. This last 6 months distribution has been proof to me.
No one, I repeat, NO ONE, can tell us definitely who have been the "whales" that have been selling the millions of coins this last 24 months. That's a fact. I can say with certitude that much of the selling was at the absolute worst time possible to sell. No one in the right mind would sell the way some of the selling was done, UNLESS, they were purposely trying to get the worst market outcome. These facts are what I do know.
Now given the above facts, what could be the possible motivation ? Vast and low cost distribution could absolutely be one motivation. Who would want that ? Why would they want that ?
What if you had a big gold bar, safely stored in your house.
What if someone from Washington DC, came into your house and shaved just a little gold off your bar every year ?
You'd be pissed huh? ESPECIALLY, when they said, " don't worry, it's only 3%, it's good for the economy".
This is what they have been doing with the USA dollar, since 1913. Theft is theft
Tax Rugpull. How often does the federal government change the tax law? Every year.
How can a taxpayer effectively predict and plan their taxes? They cannot. This is as bad as some mafia coming to your home or business and demanding an unpredictable amount of money Every year. But it's worse, because you never know when they will come and, they'll put you in prison if you don't pay. Also, they have sufficiently terrorized the public to the point they have total compliance.
One thing humans want and need is predictability. Our tax laws have no such quality.
Changes should only be allowed every 7-10 years.
I'm very angry at people changing the rules of money on me every year. I will fight this, and I will win.
