|
May 13, 2016, 06:50:17 PM |
|
Eliminate the ability to inflate the currency and none of this would even be an issue, Joe Average would be too burdened immediately to allow it to happen. Welfare sounds great until you realize you'll be footing the bill, then it's a matter of "Why am I funding someone else's family", especially when you can barely fund your own family or not at all (in the case of younger generations having to stay with their parents.) But you don't have to feel this way when it's paid for through a watering-down of your purchasing power--sure, you'll feel it in the sense that things get more pricey, but that's not until way down the line, and you certainly aren't going to associate it with anything the state's doing (speaking of Joe Average still.) It's harder to notice when it's gradual, thus the anger over it is sparse over a long period of time: nothing ever gets done about it, the source of the issue isn't even well understood: stealth tax.
But imagine a situation where you get a big bill one day demanding tax money over your funding of other people's families (particularly those who aren't even a part of your nation thus pay minimal taxes if any), and imagine this happened to everyone in the nation all at once. RIOTS IN THE STREET. Mass protests, refusal to pay the bill, demands that the system be changed, throwing people out of office, putting new people into it. All because the state actually had to get the money directly from its citizenry to pay for its functions (well, either that or borrow the money, but that has its limits.) This is the magic of a non-inflatable currency: it yields the gift of financial clarity.
Also has the benefit of keeping the state small, since it can't use the newly printed currency to consolidate businesses when there's no newly printed currency--you can look at China and its "national corporations" for what consolidation looks like in the end-game, born from Chinese inflation of their currency which spiraled into hyperinflation and thus was born the 'communist' incarnation of their nation--central planning looks good when you can't buy anything for yourself, but had this massive robbery not occurred to begin with, it would've never been open for consideration.
Anyway point is, bitcoin in its present state can't be inflated. So that's how bitcoin can help this situation.
|