If we are attacking the classes of individuals they are winning.

Rather, banks charge fees and interest and borrow non recourse from individuals. They lend it recourse and demand repayment from individuals. Individuals do not get bailouts, bail ins. Most of this banking activity is from local and regionals that are allowd to fail. Upside and downside to the banks.

Banks lend non recourse and never expect repayment too big to fail corporations and nation states. Most of this banking activity is from multi nationals that are not allowed to fail. Upside to the banks, downside to the tax payers.

The built in analytics of amethyst are sweet.

Main drawback of amethyst is search but otherwise love this client

#amethyst

Yes!

Gm sir

Feels like a good time to freshen up on cypherpunks manifesto https://nakamotoinstitute.org/cypherpunk-manifesto/

Here here!

Many affluent executing this strat (loans against appreciated property) are seeing the other (bad) side of this.

If you borrowed against tesla stock 18 months ago you likely saw your rate on the loan increase from 5 to 12%. At 12% you need 2-4 years of borrowing to be better off paying the tax.

Now imagine you took a loan instead of paying tax, and the value of the stock goes down. Your cost of interest > cost of tax.

This type of Tax games rarely pay. Irs wants people to do things like this because it encourages risk taking which encourages asset price increases.

Ultra wealthy dont use this strat. Its a red herring for the plebs.

Gm

I agree it makes it worse. Ofc people want it because they can be toe dippers without doing the work. I agree people asking arent fully in, but tools like this give that cohort outsized impact on nostr feeds. Can relays block these?

Following

Does repost x content make nostr better or worse?

Im thinking what tools like hootsuite did to ux of social. Made it worse.

They can collect the tax from other sources, doesnt need to be from corn stash.

They will seize property, garnish wages, grab from your accounts (including kyc exchange accounts if you try and opt out)

Bitcoin redirects confiscation attack surface, doesnt eliminate.

Gm fierce lion🐱

This is why tax on unrealized gains is being floated

My man vitalik into backyard boxing

Farmer protests feel like a psyop. Sadly farmers are more dependent on money machine than most. Many are willing to do or add whatever chemical to their crops or livestock to make ends meet.

This feels like a combo of "we stand with nurses" playbook from covid and mcdonalds workers being encouragec to unionize. The former nominates everyday as a hero, thereby justifying underlying behavior, the latter justifies transition to machine workers.

I mean, try and take it?

🫡

No

Gm

Shoulda been bitcoining instead of shitcoining

#Bitcoin

https://www.reuters.com/world/us/new-york-attorney-general-says-will-seize-trump-assets-if-he-cant-pay-fine-2024-02-21/