Let’s see what we got here: Punish savers with zero to low interest rates. Check! Print trillions in fiat coupons that never get to the people. Check! Punish capital providers who actually produce value and jobs. Working on it.
It never ceases to amaze me what politicians can destroy. The State has become a very dangerous apparatus hell bent on accelerating it’s own demise. Right now there are no checks and balances as it relates to the legacy system. The fiat system is becoming more political by the second.
This is not good as it relates to money and markets. Investing in banana republics is by far the most dangerous endeavor one can take. Instead of political stability you get continuous chaos with the next politician looking to confiscate wealth.
Now I’m not saying America is becoming a banana republic although some would beg to differ. However, many of these tax schemes looking to extract income is a very dangerous political maneuver. Not to mention targeting billionaires who could technically take all of their capital and leave.
Much of the nonsense coming from capitol hill is political theater. However, it gives us an insight on how these individuals think. The thought process is sociopathic in nature. They basically believe themselves entitled not only to the printing press but all the wealth in the nation.
And they will use the power of taxation to extract and milk value from everything they can get their hands own. Like locusts they will extract value anywhere they see fit. Companies built from the ground up will be forced to comply. Fortunes built with long hours/lost relationships syphoned by the pariahs.
Someone has to pay for all the bailouts and poor mismanagement. Frankly if these individuals ran a Fortune 500 company they would be bankrupt. Yet, at it’s core these issue will still remain. The wealth gap will still widen and the poor will still remain poor.
Because all of this has been tried before and yet here we are. And the schemes will be concocted because billionaires need to pay their fair share. So what do they consider “fair”? 10 percent? 25 percent? While we are at why not 90 percent?
So let me pose this question? Would we need taxation if more abundance existed? And taking it a step further isn’t this really a system distribution problem as opposed to a billionaire issue? You know the legacy system is designed a certain way.
And they will never discuss actually changing the legacy system. Instead they focus on assumptions and the old rules. Because Bezos stock value is high we should extract value so we can pay for bridges to nowhere. Yet, what if there was a better way to create value for everyone?
As I have said previously stock values are irrelevant as it pertains to Main Street. The average person is more concerned about feeding their families. Value and income creation modalities have changed with the advent of blockchain. There is now a way to create abundance for everyone.
However, it is going to take a monumental change in perspective. Many are just now starting to take blockchain seriously. Others are a little slow to adopt bitcoin or other cryptos. It is a work in progress.
Taxing capital or targeting rich people is not the answer. Not when we now have a new financial system. Yet, history will repeat since we are dealing with sociopaths. Many will not listen to reason regardless of how logical your position.
My concern now is the capital flows as it relates to the legacy system. Opting out is a very real trend that most aren’t paying attention to. Bitcoin is eating the old system because it is scarce. Wealth is also very afraid of the political class biting the hand that feeds them.
There are some very serious maneuvering occurring within both legacy and blockchain systems. The politicians are but the symptom of a greater disease that is the old legacy system. The changes that will occur will be out of our control. However, we can exercise our financial liberty by utilizing blockchain.
As for the billionaire class they will be fine. They didn’t get rich by being nice. Many of them are already moving on to greener pastures.
Yet, as they say “follow the money”. Got bitcoin?