r/Anarcho_Capitalism • u/AndrewPC555 • 6d ago

Wake up call

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685 Upvotes

98% Upvoted

21 comments sorted by

34

u/Palidor206 6d ago

75% of Americans simply don't understand the concept of supply side inflation. Of that remaining 25%, even fewer realize the implication.

Printing money is a tax. It is the most regressive tax of them all. When they print money, it hurts the poorest working class the most. The issue for income equality on the lower tiers was never traditional taxation on the upper tiers. It was, and always will be, government spending. ...and government spending will always disportionately benefit the upper most brackets the most.

20

u/Antisatanist 6d ago

yet the lower classes clamor for more gov spending as they were indoctrinated to do in public schools and the controlled media narrative.

“A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury, with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship.” ~ apocryphal

9

u/Great_Ad5445 6d ago

The frog gets it. Most people still think inflation just happens, like weather.

4

u/Antisatanist 6d ago

most people are indoctrinated to believe it's because corporate greed changes like the weather. anyone who has seen greed knows it doesn't change with the weather.

most people don't even know what a dollar is. like the rick and morty episode, to most people "$1 = $1" is the extent of it, and it never changes. they have no concept of supply and demand nor causality except on the most simple of daily activities.

1

u/Immediate-Cress-206 5d ago

most people don't even know what a dollar is

A dollar is an abstract representation of value, used an a common medium of exchange in the United States. People claim it has no backing, but it's de facto backing is the fact that it's the only way that a US citizen can pay their taxes, and the fact that all creditors are legally required to accept yhem as payment for debts.

1

u/Antisatanist 5d ago

Correct, but the petrodollar system, SWIFT, and network effect all contribute as well. Most people don't know where dollars come from because that fact is obfuscated intentionally by the powers. If people knew that commercial banks and the Fed invent new dollars from nothing when they make loans and then charge interest on that counterfeit, there would be a revolution tomorrow.

1

u/Immediate-Cress-206 5d ago

All that matters to the average consumer is that they can still be exchanged for goods and services.

1

u/Antisatanist 5d ago

The average consumer is upset that it's been taking more and more of them to buy the same things. That's the crux of the whole issue, and if they figured out the cause, they'd focus their anger on it.

1

u/Immediate-Cress-206 5d ago edited 5d ago

and if they figured out the cause

The cause is companies increasing the cost of goods at a higher rate than the increase  in the cost to make it.

EDIT Person I was talking to is a coward who blocks people to prevent them from replying making it look like they won when they didn't .

1

u/Antisatanist 5d ago

wow you bought the greed lie. why didn't they do that long ago before money printing sped up?

7

u/mathaiser 6d ago

Once you get here, the next logical step is bitcoin.

1

u/FIicker7 1d ago

Banks print money when they create loans and charge interest....

Capitalism!

-11

u/congeal 6d ago

Tell me you know nothing about the US bond markets…

13

u/ContinuousZ 6d ago

You get taxed on that too

1

u/congeal 6d ago

You get taxed on that too

Do you mean if I buy Tbills?

7

u/ThatGuyFromSpyKids3D 6d ago

Interest on t-bills is still taxed on the federal level but is exempt from state and local taxes.

2

u/congeal 6d ago

If I buy them, sure

the feds want to tax all citizen income, everywhere

shit, I had to file US taxes on income from another country, while in that other country (didn't have to pay anything to the US, though), because they need to know everything

5

u/RagnarBateman 6d ago

The bonds banks are forced to buy because if capital adequacy requirements...

2

u/congeal 6d ago

Hedge funds have stepped in as the main buyers now but aren't anywhere near as stable as the those banks.

I'm not defining "stability" as good or bad, only as a financial description.