To put it more simply:

You are paying taxes on your asset gains because you got poorer, not richer. nostr:note105sp9wq73yc9une8xc9zeme0wvg7a8k9u4dvrnntx9h8reqxtg4s9t9g4r

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It's the most twisted scam ever.

Fiat at work. Theft is at its foundation.