Since the creation of the fed the dollar has lost 99% of its value.
This means that any scarce desirable asset you have held over the long term has appreciated greatly in dollar terms, even if itβs true βvalueβ remained the same.
If the government were able to tax that unrealized gain they can effectively force you into their failing system by devaluing the currency so much that everyone is sitting on massive gains.
βHey I know that house has been in your family for 3 generations and itβs the only asset you have, but you owe us 500k or we are going to take it from youπβ
Taxation is already theft but a tax on unrealized gains makes it even more obvious.
Just noticed that I broke 300 followers!
Thank you all, EVERY COMMENT GETS 300SATS
I will continue to do this until it becomes too financially irresponsible lol.
Starting to stumble down the 369 rabbit hole, it is either insanely profound or I am losing my grip on realityπ
Either way it is extremely interesting.
My USD balance is -$1,728 but I am still stacking #BTC as hard as possible.
THERES A NAME FOR PEOPLE WHO STORE THEIR WEALTH IN FIAT CURRENCIES.
Anyone got me beat?