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And a 10%+ hidden tax due to money supply inflation, property taxes on a property you’re paying interest on a mortgage for, for money that never existed, and capital gains tax on what you’ve managed to invest despite being taxed into oblivion.

If I had learned this stuff from my parents before I got pigeon holed into it, I’d likely be dead or in Guantanamo by now.

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🥚 1y ago

You pay capital gain taxes on the appreciation of an asset when the asset is only appreciating when taking inflation into account.

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