It’s about favorable tax treatment. For those with tax sheltered retirement accounts, they are forbidden by law from having custody of the investment itself. If you forgo the tax break, then self custody is the only way that makes sense. But it’s hard to turn up one’s nose at 38% off.
Discussion
Yeah man, heard.
And once The State decides you no longer deserve to receive the profit realized, that 38% 'tax break' won't matter anyway.
They /do/ want access to all retirement vehicles simply because it's guaranteed monies. Anyone who speaks of The State administering that is unequivocally, 100% my enemy, and they need to have some Act Right installed directly to the side of their head with a baseball bat.
It should be telling that they gotta bribe people like me with a 38% tax break to get me into their indirect/beneficial ownership system (which guarantees fewer property rights than unqualified ownership).
In short, people who own stocks, bonds, and gold etf as well as bitcoin etf shares don’t actually own them. See https://youtu.be/1GHXe0PbNG4?si=swHkNrQhejoBQpbN
Yup. If it's not tangible or only stored in your head you don't really own shit.
Amen and amen. The uniform commercial code and federal code have been cleverly rewritten to solve what is fundamentally a record keeping issue: too many securities trades to manage with paper certificates. Too complex for standard databases. Ownership has been replaced by a chain of liabilities with limits on how much liability any counterparty can accept as a function of its assets.
We’ve replaced ownership with musical chairs. And corporations have designed laws to make sure they will never not have a chair. This is not capitalism. This is fraud, which marxists argue is the inevitable end stage of capitalism. Instead of fighting crime, though, marxists insist on authoritarianism to remove all capitalistic elements from society. Which is as bad as fraud.