The other day I was thinking about how "the system", i.e. our financial-societal setup can only work because everyone isn't sort of, or actually, rich (yes, I know it's not a new thought, but I still wanted to go into it a bit). While the dream for everyone essentially is "to make it" and have some money lying around that grows wealth, the system could not possibly work under those circumstances since people would make money "out of thin air" and not produce any goods and services.
This isn't a problem when we are talking about smallish amounts of money. $10k only gives around $1k a year when finding a 10% interest option (which is hard by itself). But $100k makes that $10k a year. Depending on where one lives this could be a years salary or a months, but it already becomes clear: money is being compounded without "putting any work in". It "just" appears and people, theoretically, have to work less. But what happens when 10% of the population does that? Or 30%, or 80%? And what if the $10k turns into $100k a year? The answer is clear: the system would collapse.
I am not sure how explicit this truth is incorporated into the system. Surely, many people in power would be aware of it. But it is obvious that "the system" is (consciously or unconsciously) designed so the majority of people are kept in 4 or low 5 figure numbers in savings. Obviously, this also happens since people have a life: one rents a bigger apartment, has kids, buys a house and a car etc. All of those things cost tremendous amounts of money and the more money people have, the more they spend as well. But we also see it when looking at interest payments from loans or taxes. While loans are generally made freely, taxes of course are hard to escape. But it is the major mechanism of stifling the growth of wealth. Without it, people would actually be able to grow substantial capital with the resulting problems for the system. It is clear that taxes therefore are an active way to stop people "outrunning" it.
Crypto, at least in the past (before we were stuck in a seemingly never ending bear market), gave a real chance at building wealth. I believe a main reason for the onslaught and vicious regulation against it is because it poses such a great threat. It makes the before mentioned utopian scenario an actual possibility. Of course people mismanage and lose wealth as well (are memes a psyop? :), but overall the possibilities for wealth generation are much greater than what we can see in the legacy system.
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