Replying to Avatar HODL

Always so dumb to me when other bitcoiners get mad at me for having a retirement account lol

Like yes I have an account that allows me to pay no taxes on my bitcoin gains if I wait 35 years. It’s kind of the most low time preference Bitcoin and libertarian things i can think of.

Roth IRA’s are based af.

If you don’t have one yet… you should.
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Ape Mithrandir 1y ago

I think the flaw is believing that tax law is as immutable as the Bitcoin blockchain.

Plenty of examples in other countries that decided to raid retirement savings when they got into trouble.

If you believe Bitcoin will succeed that includes scenarios where the US dollar fails. In a scenario where the US dollar fails, they will try to steal as much as possible before that failurw. This might include taxing any retirement acc worth more than $X.

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btconboard #LNHANCE or #CTV 1y ago

Roth accounts allow the government to collect more tax revenue now. Game theory supports they will continue to want more money now at the expense of the future because they have terrible time preference. No guarantees but the case for Roths sticking around is solid.

This logic is a better argument against 401k and traditional IRAs than Roths as those former 2 reduce taxes now.