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The purpose of a currency is not for investment but to keep circulating in the economy. Low steady inflation ensures this happens. Inflation also clears up debt
by czl 2y ago
The purpose of a currency is not for investment but to keep circulating in the economy. Low steady inflation ensures this happens. Inflation also clears up debts which would otherwise compound. Nobody forces you to store wealth long term using the currency and it would be dumb to do so.
If you disagree with the taxes being collected either vote to change how that government spends your money else vote with your feet and find another country. There are tax free jurisdictions. Why not go live there if the tax you pay bothers you?
- user90131313 2y agoYou can't vote out oligarchy and dictators who owns the media. Two party system will never really care about average peoples problems. But they will together increase the debt limit of USA, fast. Because they are both in it for the money and power :) and to make Middle class smaller and smaller.
- deleted 2y ago[deleted]
- czl 2y agoIn a free economy decision power over wealth accrues to those under whose watch wealth compounds fastest. You may disagree with the inequality that results but history shows it is difficult to compete economically with groups that run free economies. Hopefully you can vote politically during elections, you can vote economically with every dollar you spend and you can vote with your feet by switching countries. If you have an idea about some paradise that will operate much better under the economic rules you believe in ask yourself why this paradise does not yet exist if it is so much better. If your economic paradise does exist why not just move there? Surely those having your "wisdom" will be highly valued there.
- user90131313 2y agoyou just wrote all nonsense? moving to somewhere cost extra. your understanding of what I meant is almost none. Let's keep choosing old dudes to manage countries and senate