patrick.net

Nomograph says

I'm confused now. How does, say, a dollar bill "rob me blind." HINT: It doesn't. If you stuff your dollar bills in a mattress for years while knowing their value slowly lessens, you have robbed yourself. Government-issued currency is just a convenient medium to facilitate the exchange of goods and services and inflation insures that it is used primarily for that purpose.

Do you really think it's the government job to grow your wealth and keep it safe for you?

So your assumption is that without the government to regulate and issue currency, we too dumb to do it ourselves? I guess you'd say same for healthcare, drugs, transportation, etc. Just curious, can you provide an example of government ever making anything better..?

As to the inflation comment, Jefferson(?) already said it best:
"If the American people ever allow the private banks to control the issue of their currency, first by inflation and then by deflation, the banks and the corporations that will grow up around them will deprive the people of all property until their children will wake up homeless on the continent their fathers conquered"

Your choice to ignore history and the destruction central banking inflation causes does not change reality.

RWSGFY says

I'm pretty sure $100 invested in AAPL, GOOG, NFLX, TSLA, NVDA, AMZN and such 10-15 years ago has beaten inflation even with taxes taken into account. Heck, even plain old boring S&P index fund did that, so no stock-picking prowess or luck necessary.

I took Apple and the past 10 years. Price has gone up about 82%. Inflation as a calculation of the rate of growth of the money supply(CPI is shit), is 46% during that period. That means a realized gain of 36%. Now, if you look at the price of physical silver over that same period, it has increased about the same amount(and metals are highly suppressed).

So what does this mean? In terms of real money, your stock investments didn't gain shit. But since our economy is built on Monopoly money, and fucking no one accounts for taxes, and especially not inflation, they see more zeros and assume they've made a profit.

You aren't making more, and stuff isn't more expensive. The money is just worth-less...

https://www.zerohedge.com/personal-finance/nebraska-ends-income-taxes-gold-and-silver-declares-cbdcs-are-not-lawful-money

With Gov. Jim Pillen’s recent signature, Nebraska has become the 12th state to end capital gains taxes on sales of gold and silver.

LB 1317 is the fourth major sound money bill to become law this year, as state lawmakers across the nation scramble to protect the public from the ravages of inflation and runaway federal debt.

Under the new Nebraska law, any “gains” or “losses” on precious metal sales reported on federal income tax returns are backed out, thereby removing them from the calculation of a Nebraska taxpayer’s adjusted gross income (AGI).

Supported by the Sound Money Defense League, Money Metals Exchange, and in-state advocates, Nebraska’s sound money measure passed out of the unicameral legislature’s Revenue committee unanimously before being amended into a larger bill.

Sponsor Sen. Ben Hansen said upon news of the formal enactment of his legislation:

Gold and silver are the only forms of currency mentioned in our Constitution and with that comes the people’s ability to use it as such without penalty from the government. Saving, and using, gold and silver is our right and one of the only checks and balances to our federal government’s unending devaluation of our paper currency.

Taxpayers often realize ‘gains’ when converting the monetary metals back into Federal Reserve notes even though the ‘gains’ do not reflect an increase in real value but rather reflect the currency’s ongoing devaluation.

This is cute but they shouldʼve abolished SIT alltogether.

Life should not be made arbitrarily hard for people who are honest and work hard. Life is hard in general, but humans should not make life harder for other humans just because it's fun to watch others grovel. That was the guiding principle of the Declaration of Independence and the United States Constitution. Fuck all of you who don't believe me - read it for your commie selves.

Having to learn how to invest outside of your wheelhouse just to counter the corruption of the money that you earn through your livelihood - yes, the 1- and 2-sigma intelligent people can figure this shit out, but that's not the point. The point is, that a society that is structured to exploit the vast majority of its population for the sake of the few is doomed to fail. The Founders knew this. They tried to strike a balance so that the majority of the population could live their lives as they saw fit, without undue "government interference" AKA theft.

There are unfortunately many people who have trouble doing the basics of what needs to be done to succeed in our "modern" society. This is where I fault the so-called "Christians," for Christ says to seek a just society, a place for everyone. A society which is too greedy or too ignorant to figure out a plan whereby all members of that society can do the work that they can and earn a measure of the rewards that the society can dispense is an unjust society. I'm not talking about gravely sick people or otherwise severely but temporarily injured - I'm talking about average and below intelligence.

stereotomy says

Having to learn how to invest outside of your wheelhouse just to counter the corruption of the money that you earn through your livelihood

I agree, it's set up to exploit people who don't have time to learn about investing or the aptitude for it.

Silver by weight (not dollars, ever!) would fix this.

Weight alone, weight of 0.9999 pure silver.

RWSGFY says

This is cute but they shouldʼve abolished SIT alltogether.

I agree. Taxing income reduces the incentive to work.

Sales should also never be taxed, because commerce is good.

Land value is the only appropriate object of taxation, where "land" includes radio spectrum and other natural resources no one created. Between that and import tariffs, we could easily fund as much government as we actually need to have. Which is much less government that we currently have.

In the last 25 years since the end of 1999, gold has risen 736.2%, silver 484.4%, the Dow 248.2% and the S&P500 263.4%.