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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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Neal 5mo ago

I’m still a fan of the fed printing all the dollars needed to make everyone whole, buy US gov bonds, US makes everyone whole but the fed, then abolish the fed.

Play fiat games, win fiat prizes.

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