Damus
Toxic Bitcoiner profile picture
Toxic Bitcoiner
@toxicbitcoiner
Even if the US government’s plan to increase tax revenue is to tax the hell out of boomer bequeathments, it wouldn’t work because that would necessitate the sale of assets (real estate, equities, and bonds) by inheritors…thereby tanking asset prices, which cannot be allowed to happen.

So their only option for now is to print, gaslight noticers about price inflation, and trick boomers into thinking their assets are increasing in “value”, while their pensions and social security checks are inflated away. (Plus, all their equities are increasingly corralled into a few entities, ready for The Great Taking slaughter option.)

Once boomers are dead and younger, more astute inheritors wisely allocate to Bitcoin instead of inferior monies, the State will have to change its plan, which will likely include things like: capital controls, greater centralization of the banking cartel, severe taxation of Bitcoin, Bank Secrecy Act 2.0, etc, etc.
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BTC_P2P · 2d
I showed my dad what will happen to the purchasing power his $4000 social check at 10% annual loss over a decade and he was genuinely shook. But then equivocated and pretended it’s not real. In the next 20 years many boomers will be forced sellers of their houses because social security will not...