Taxation, Inflation, Misinformation and cryptocurrency
- I read this thread by @thedessertlinux
Fiat currency is stealing from you.
In 2022 the reported inflation rate was ~9%. That means, if you made $100,000 that year, you lost an extra $9,000 in value! 🤯
And that's not on income, that's on any money you have saved. So if you had $50,000 in savings, that's an extra $4,500 lost. We're up to $13,500 extra you paid to the government (they printed the money), on top of what you already pay in direct taxes!
This is why crypto has really taken off. People are tired of losing money all the time. They want to save, earn, and invest.
Taxation is theft. Inflation is theft. Crypto is the way.
I agree.
This is simple, understandable concept, when you have the data to back the point.
When I was younger the news always discussed the inflation rate, it's effect on consumer prices and the need for cost of living raises in wages to keep up with the lost buying power from inflation.
This was a liveable wage.
Now the news and media doesn't discus the connection between inflation, consumer prices and why employers have to increase hourly wages to preserve a liveable wage. I
I think the media has been influenced to produce propaganda condeming wage increases as bad for business.
Our unions have likewise failed us, by not insisting that wages keep up with inflation.
Meanwhile we are fed stories and statistics which promote division amongst the populous at the very time we need to be united.
We are being deprived of education, information and fed propaganda to divide us.
We are doomed in many ways, but some see crypto as something they can do individually to protect themselves and their family from this madness.
You are here, so perhaps you see this too.. Or perhaps you see this light in the darkness and are drawn to it to learn more.
Either way you are not wrong. Keep digging for information, keep learning, so you can lead your family out of the darkness to the light.
... written by @shortsegments , a writer on Hive for six years.
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You can read other articles written by shortsegments by clicking Here
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This article was published on Hive.
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Thanks
Welcome
It is crazy what that has done for pricing things. It's been easier to make people believe they're earning a lot, or that their real estate is valuable, when it fact it isn't.
True.
I tell my children a house use to cost $4500.00 30 years ago. But now costs 20-100 times that amount, while minimum wage hasn't increased by 20-100x, and the cost of everything has 20-100x also. The idea is that you should be happy because one asset increased in value 20x but the cost of everything has increased so much and your wages haven't so you are much worse off then before.
Truth.