🚨BUKELE: TAXES CREATE THE ILLUSION YOU ARE FUNDING THE GOVERNMENT
“The real problem is not the high taxes themselves, but the fact they are not even really funding the government.
The government is financed by Treasury bonds - and who buys the treasury bonds, mostly the Fed - and how does the Fed buy them, by printing money.
So basically, you finance the government by printing money out of thin air.
If the government can print the limited amounts of money, why would they need taxes?
You pay high taxes only to uphold the illusion that you are funding the government, which you are not.”
Source: @nayibbukele, @BitcoinNewsCom
Replies (8)
A leader of a nation who perfectly understands the broken system and wants to fix it. Refreshing.
He might have been a bitcoiner before becoming a politician 🤷🏻♂️
Nobody can fix this.
That's the point.
You have to abolish it (state gouvernment)
All a leader can do, is to prepare the nation for the (somehow 'painfull') change.
The real taxation occurs with the depreciation of the fiat currency, which dispraportionately hurts the lower middle class, who are trying to make ends meet on a daily basis. So the system is regressive. The people who have savings assets like equitìes, real estate, gold, and crypto, can offset this somewhat, although they can still suffer from creeping tax brackets, higher insurance premiums, etc. So basically, it is fiat slavery.
An honest leader. Refreshing
Taxes are the minimum requirement for the fractional reserve scheme to work.
We live in times where almost nothing I'd backed outside of the Bitcoin or Monero or gold bullions you self-custody.
Gov running fractional reserves with taxes as their collateral.
Banks running fractional reserves with customers deposits as their collateral.
Cryptobanks and custodians running fractional reserves with customers deposits.
The system needs you yo stay locked in. That's the reason for KYC and AML. It's also the reason for intrusive surveillance.
Fix fractional reserve with self-custody and you fix the surveillance state and with that enable a new renaissance where money can rebuild where society failed for far too long.
Ironically to succeed we need both a hyper decentralised chain (BTC) as a reserve asset and medium exchange chains based on POW where people can control their own UTXOs. Monero is the best compliment because it delivers best on chain privacy in the space. But also hated LTC and BCH coild play a vital role.
If you are a maxi you need to re-evsluate your position from time to time.
Are you in to end slavery or are you in to maximise your position in the fiat slave system. Both are viable goals from an individual perspective. But one has the moral high ground whole the other is intellectualy dishonest.
Bit too easy. It depends on the country how much taxes are used for actual gov spending. Some have quite a high ratio.
He seems to only be talking about the WARshington world reserve Fedcoin system.
On that Animal Farm, income #taxes clearly were created to control the livestock by terrorising them through their #IRS, no matter where in the world they stay.
