It should be telling that they gotta bribe people like me with a 38% tax break to get me into their indirect/beneficial ownership system (which guarantees fewer property rights than unqualified ownership).
In short, people who own stocks, bonds, and gold etf as well as bitcoin etf shares don’t actually own them. See https://youtu.be/1GHXe0PbNG4?si=swHkNrQhejoBQpbN
Yup. If it's not tangible or only stored in your head you don't really own shit.
Amen and amen. The uniform commercial code and federal code have been cleverly rewritten to solve what is fundamentally a record keeping issue: too many securities trades to manage with paper certificates. Too complex for standard databases. Ownership has been replaced by a chain of liabilities with limits on how much liability any counterparty can accept as a function of its assets.
We’ve replaced ownership with musical chairs. And corporations have designed laws to make sure they will never not have a chair. This is not capitalism. This is fraud, which marxists argue is the inevitable end stage of capitalism. Instead of fighting crime, though, marxists insist on authoritarianism to remove all capitalistic elements from society. Which is as bad as fraud.
