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Virtually every effective hedge against inflation is taxed heavily. There is no respite from dilution. When you look at it from that perspective you see a syst
by jmatthews 3y ago
Virtually every effective hedge against inflation is taxed heavily. There is no respite from dilution.
When you look at it from that perspective you see a systematic attack against any safe harbor.
- edrxty 3y agoMunicipal bonds?
- salamanderss 3y ago[flagged]
- xboxnolifes 3y agoWhich, from some points of view, is the point. The government wants money to be going toward investments (real, productive kinds), not sitting around as an inflation hedge.
- phkahler 3y agoIt's not the governments job to care about that.
- xboxnolifes 3y agoIt very much is the government's job to deal with tragedy of the commons situations. It's arguably it's only job, outside of contract enforcement and national defense.
- BoiledCabbage 3y ago> It's arguably it's only job, outside of contract enforcement and national defense. Which funnily enough are both just other forms of tragedy of the commons.
- salamanderss 3y agoYep you've found the debate point between minarchism and anarchism.
- Gigachad 3y agoIt’s the governments job to do literally whatever the voters want it to do. Turns out the majority of voters are not all that interested in defending the piles of unproductive wealth.
- jmatthews 3y agoAt risk of Godwin's law, Hitler was elected right? Or Ben Franklin, "Democracy is two wolves and a lamb voting on what to have for lunch" Mob rule doesn't imply ethical or moral.
- salamanderss 3y agoSurprising since the lower wealth masses depend much more on unproductive wealth as their store of value (such as cash) vs the extremely wealthy that depend more on near monopoly of productive capital. Maybe it's the minority who have tricked the majority to vote for their bidding.
- jmatthews 3y agoReal estate is the most durable investment. A plurality of wealthy people became so via real estate. It is also reasonably resilient to inflationary dilution. I'm fortunate to be still earning. You could spend your life building a small nest egg and paying off a home to retire in and have it just litigated right out from under you. Your argument is "time marches on" but then what value in saving and accruing capital? It's all short sighted transactional consumerism or bust. That's no way to live.