Money: Rabbit Hole Store of Value
and the rules change all the time .
The Rules Change All The Time
Can’t touch it until when? Penalties for early withdrawl? I thought it was mine?
Required minimum distributions? What?! Explain that. No need, it’s about collecting taxes in one way or another.
Just who is it I can reach out to for a reimbursement of my losses when that happens? 2008 wiped out a lot of folks savings, at no fault of their own. The money printing thru the Covid pandemic caused the inflation that wiped out many more folks and still has lasting effects.
We should pay a tax on unrealized gains? What happens when there’s a loss? Be careful with this one folks… I’m pretty sure there’s not a one of us that makes the kind of money they are talking about using as a threshold for this, but if it gets passed it’s just a matter of time until the threshold changes. All these efforts with the narrative of “stick it to the wealthy” are nothing more than a Trojan Horse to then gradually apply that pain to all of us.
Did you realize there was no income tax in the US for the first ~100 years? It started out as taxing the wealthiest 1% of the people a tax rate of 1%. Sure does look a lot different today, and that’s because the money is broken.
Always Seem to Find More
From a “percentage of existing” basis, more gold is now “mined” each year (over 1.5%) than Bitcoin (less than 1%). Remember, there will only ever be 21,000,000 Bitcoin and there’s already close to 20,000,000 that have been created.
When they figure out how to mine an asteroid I suspect the available supply of all precious metals will be impacted, and likely some that we don’t even know of yet.
A currency, or a 'store of value', should be secure and reasonably easy to access, transport, and use. None of the precious metals meet that standard, especially in larger quantities.
