https://x.com/dotkrueger/status/1882962293312422030
TLDR;
Rug pulling is easier than waiting for bitcoin to pump
WTF
Incredible stuff šš¼
This is what happens when bitcoiners parrot āpolitics donāt matterā. Canāt have it both ways guys.
Time to tune out the retard orange pillers and start playing to win. nostr:note1thjnjsw3ssz7st8dxmxyqukswy86jjcwq53ek2p7zmhs0nnjamwqus6jnm
Very nostr:note1azdcp6np84sk9yqv9kc2znx6hprx9au8eg226k725ux8n4gxhf0se9wd95
https://x.com/dotkrueger/status/1882878609783939447
He aināt done rugging lol
https://x.com/fractalencrypt/status/1882908738291732836 the crypto degens are banking on their bags being pumped too. This is getting even darker
Plot thickens
Another reason to be anon on nostr vs kyc apps
Yes, the government needs to tax to accomplish their ends. No one is arguing if they should or if itās ethical or legal.
You clearly keep deviating the conversation because you are wrong about the numbers. Next time actually read what you use as evidence instead of skimming through wikipedia.
I also pointed out this is not the 80s because the study covered in the grace commission was done in the 80s. Back then the national debt was $1.5T, tax revenue was ~$660B, and the interest on the debt was around $150B. The quote you shared from wikipedia was poorly worded and framed in a confusing way. You should actually read the thing. Transfer payments include social security and medicare btw
This has nothing to do with the original point I made.
The government collects taxes. It uses those proceeds to fund most of the line items in the budget. But even if you think they donāt use it for that and instead use it for something else, they still donāt borrow $5T dollars a year. The amount they borrow is far less than what they collect in taxes. But even if you think that they donāt fund themselves by selling bonds and secretly print money instead, they still need to tax to lessen consumer goods and asset inflation. Thinking itās just a humiliation ritual is childish and naive.
Itās not, but youāre welcome to believe whatever you want. Doesnāt affect me
you have no idea what you are talking about.
"With two thirds of everyone's personal income taxes wasted or not collected, 100 percent of what is collected is absorbed solely by interest on the federal debt and by federal government contributions to transfer payments. In other words, all individual income tax revenues are gone before one nickel is spent on the services that taxpayers expect from their government."
I do, and itās not like this some obscure fact. Just check out
Tax revenue is $5T and interest on the debt is around $1T. I highly doubt $4T are spent on contributions to transfer payments. We are not in the 80s.
You can also see how much money they collect via selling bonds. The math doesnāt add up for what you are claiming.
It makes total sense.
I didnāt say taxes pay for all of the government spending. I said it pays for the mandatory and military spending. The discretionary spending is funded via deficit, which is why we are in debt
Lmao š fucking fred
Iām not talking about hypotheticals. Iām just saying that taxes do fund most of the government spending.
Bad take
Taxes fund all the mandatory spending and the military spending
The idea that taxes are only for pretend like Bukele mistakenly said at CPAC is just wrong nostr:note1eh9ey7mf4smg2th062xnktyqezgvgc85hgnvklqncp6at4wk7mmsus7njk
The real question is how much of oneās rapidly depreciating fiat denominated income has to be converted to bitcoin to prevent loss of purchasing power.
The $10 DCA gang is NGMI