A strategic reserve that props up government budget and funding for social programs is a much more progressive idea and less libertarians/conservative
But why are so many on the right supportive of this compared to progressives?
Discussion
Obviously I mean bitcoin* strategic reserve
Likely because which party is drafting the legislation. It's political kabuki theater now.
I don’t think they want to use it for social programs. They don’t want social programs and the reason is not they can’t afford them. So I think this is why the right is more supportive.
Yeah this. I don’t know anyone on the right who is for gov funding of social programs.
I would submit that understanding the current MAGA push towards the SBR requires two references: Leo Strauss' concept of the "esoteric vs exoteric" and Daniel Krawisz's 2014 essay "Bitcoins Subtlety and Allure."
The Exoteric message of the MAGA SBR-booster: "The is a good thing for America [in the abstract]. It will help pay off our debts, and I am promoting it based on patriotism and love of country."
The Esoteric message: "I will personally profit from Bitcoin's future rise through my connections with a historically corrupt and incompetent administration."
Word- feels like basic tribalism. Can’t even hear the other tribe because they are evil, blah, blah - much of which is programmed and propaganda.
If you break it down it but further with your logic you could say that the reserve props up govt spending, and the govt gets to choose where that spending goes. This administration does not care about social programs and is more likely to spend more on private contracts that are essentially handouts to the owners of businesses that got them elected, the military industrial complex, private prisons, Musk's businesses, etc.
Correct, that is the flip to it. Also I favor more state and local reserves where the voters are closer to the actual decision makers and influence and where a balanced budget is required, unlike federal funding/budgets.
And I belive in a much weaker executive branch
Yes, 100% me too. Federal govt has way too much power and is entirely too disconnected from the people they are governing. Unfortunately the centralization of power seems to be getting worse. The checks and balances of the 3 branch govt are breaking down or getting outright ignored and there is very little pushback even from the opposition party. I am really pessimistic about our chances of reversing this trend. Voting doesn't seem to do shit when money and propaganda dominate the process. At this point I'm just waiting for Bitcoin to neuter the power of the money printer and limit govt power that way.
Michael Malice “Republicans are just progressives doing the speed limit”.
I would guess most libertarians aren’t really for SBR.