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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Or just don't pay the debt, use nukes to protect fort Knox, and hyperbitcoinize.

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

They privatise the profits and socialise the losses

I’ve spent a good amount of time thinking how this might play out. Wasteful companies that are state funded take our stolen money far more than any other form of bureaucratic waste, but it doesn’t even really matter what they do with the stolen money, because one thing is guaranteed, they posses neither the wisdom nor incentive to spend it on anything productive.

So we have a few constants in our equation.

1: Governments will continue to steal our wealth.

2: that wealth will be wasted.

Knowing these two, the only sensible response I can see is, block the government from stealing your wealth.

There is only one alternative to political money that has a chance of not being seized, bitcoin.

Every other asset you can own to exit fiat theft is subject to value theft through tax. Bitcoin on paper is taxable, but very hard to enforce.