Replying to Avatar Trey Walsh

Perhaps many progressives won’t consider me “progressive” enough because I don’t support endless money printing and don’t think we can or should continue to spend and grow debt into oblivion.

However, my near term approach (outside of #bitcoin) and why I still consider myself a progressive is because our government and budget supports far too much socialism for the rich and rugged individualism for the poor. If times are tough, they should first be tough for the mega corporations, except they are ALWAYS bailed out.

Balancing the budget via higher taxes on corporations and the uber wealthy, shrinking our defense budget and bureaucratic waste, and supporting more targeted and easier to access social benefit programs is where I would start.

In reality, to fix the solution and create a more sustainable path (that I don’t see realistically happening in my lifetime) is to either hyperinflate to oblivion to pay the debt, or cause a massive recession which would be catastrophic, and then embrace a #bitcoin standard.

But instead, we will continue to go further and further to the end of the road until the point of catastrophe. Probably not soon, but one day. Why are we waiting for this?

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Scurvydog 2y ago

Sooner than you think. 10 years maybe. Probably less.

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