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Replying to Avatar Dr. Bitcoin, MD

I no longer worry about the US federal debt being unpayable. It’s easily payable.

How? Government can manufacture financial conditions such that they guarantee themselves 28% of all capital gains. Or at least 28%.

How? Alternative Minimum Tax. If you’re wealthy, meaning earn more than $86,100 dollars a year, AMT guarantees you will pay a minimum of 26% of all income over $86,100. If you make over roughly $250,000, you pay 28% on that income. And if you make over roughly $600,000, you get 28% tax on the originally exempt $86,100 and pay that extra 2% on income between $250k & $600k.

When bitcoin shoots up 100x in price over the next 30 years, that’ll be roughly $100T they’ll tax at 28%. Problem solved.

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MRbtc 5mo ago

You know that the debt can’t be paid right?

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Dr. Bitcoin, MD 5mo ago

I just showed you how easy it would be. Presuming bitcoiners pay their taxes.

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Dr. Bitcoin, MD 5mo ago

You see, they essentially own 28% of all American wealth.

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MRbtc 5mo ago

The only real money is Bitcoin, all the rest is debt.

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Dr. Bitcoin, MD 5mo ago

Which means the debt isn’t real either.

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MRbtc 5mo ago

Correct, but has real negative impact in peoples lives.

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Dr. Bitcoin, MD 5mo ago

All it means is they have to steal more. It’s inherently evil.

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