Why Bitcoin Is The Best Weapon Society Has Against Inflation & Wealth Inequality

[worldofcoins]

Let me make a correction first, we can't consider bitcoin a weapon but a remedy against inflation & Wealth Inequality.
In the past years, bitcoin has gained more popularity as compared to fiat. People are more interested to invest in bitcoin due to the high acceptance rate. So it can definitely be a good option against inflation & Wealth Inequality.

[jostorres]

You believe him?

Plus you should understand how inflation works. Once the Fed increases the money supply, who has first access to all the billions BRRR-printed? The banks, which also gives easier access for billionaires to get hold of them as loans for them to make more money. By the time the money goes down to the plebs in the form of increased income, it’s too late. The prices of good and services has already increased. Inflation causes inequality.

You can't just "do you believe in him" and leave it at that though. I am not believing in any president to be 100% true, this was true for papa bush, it was true for Clinton, it was true for Bush jr, it was true for Obama, true for trump, and now true for Biden. This isn't regarding parties, this isn't even regarding nations, I do not believe in president of ANY nation, because politics is a cunning and ruthless business and if you have managed to level up to the president level that means you must have some horrible thing to get there, otherwise other cunning and ruthless politicians will not allow you to go up that much.

So they always tell a lie, BUT you need to prove that they are telling a lie. Is his infrastructure plan hurting the inflation? Maybe.. it looks possible, but he has stated there 17 Nobel prize winning economists saying he is right, you need to provide some data and proof for us to take your word as well.

[Wind_FURY]

You believe him?

Plus you should understand how inflation works. Once the Fed increases the money supply, who has first access to all the billions BRRR-printed? The banks, which also gives easier access for billionaires to get hold of them as loans for them to make more money. By the time the money goes down to the plebs in the form of increased income, it’s too late. The prices of good and services has already increased. Inflation causes inequality.

You can't just "do you believe in him" and leave it at that though. I am not believing in any president to be 100% true, this was true for papa bush, it was true for Clinton, it was true for Bush jr, it was true for Obama, true for trump, and now true for Biden. This isn't regarding parties, this isn't even regarding nations, I do not believe in president of ANY nation, because politics is a cunning and ruthless business and if you have managed to level up to the president level that means you must have some horrible thing to get there, otherwise other cunning and ruthless politicians will not allow you to go up that much.

So they always tell a lie, BUT you need to prove that they are telling a lie. Is his infrastructure plan hurting the inflation? Maybe.. it looks possible, but he has stated there 17 Nobel prize winning economists saying he is right, you need to provide some data and proof for us to take your word as well.

Their narrative to push for that law is that it will not increase inflation, and they added a statement to convince you that it will ease inflationary pressures. The Infrastructure Law proposes $1 trillion to be spent, $550 billion of that to be direct spending. “It will ease inflationary pressures”.

You believe him?

[Silberman]

Bitcoin is the essence of capitalism, anyone trying to picture it as a socialist weapon doesn't realize it's actually a socialist killer as it takes away power from the government, it takes away their control on spending, and on arbitrary raising taxes or pensions.

Exactly, at its core bitcoin is about private property, a dollar in a bank account is not really yours, it belongs to the government, the bank has the custody of it and they can decide to give it to you or not, and even if you get it back the dollar in your pocket can be inflated away and taxed at ridiculous levels, bitcoin solves all of this, the bitcoin in your wallet actually belongs to you as it is not printed by a government, the wallet allow us to be our own bank, and bitcoin cannot be inflated away by the arbitrary decisions of the governments of the world.

[Wind_FURY]

Bitcoin is the essence of capitalism, anyone trying to picture it as a socialist weapon doesn't realize it's actually a socialist killer as it takes away power from the government, it takes away their control on spending, and on arbitrary raising taxes or pensions.

Exactly, at its core bitcoin is about private property,

It’s not merely private property, it’s self-sovereign property. Private property, like land, can be taken away from you. You own the rights, but you don’t the land.

a dollar in a bank account is not really yours, it belongs to the government, the bank has the custody of it and they can decide to give it to you or not, and

Not your vault, not your money.

even if you get it back the dollar in your pocket can be inflated away and taxed at ridiculous levels, bitcoin solves all of this, the bitcoin in your wallet actually belongs to you as it is not printed by a government, the wallet allow us to be our own bank, and bitcoin cannot be inflated away by the arbitrary decisions of the governments of the world.

In Modern Monetary Theory, taxing the people is being used as a mechanism to control the public’s spending behavior, or even behavior in general. The government doesn’t need to tax you to put money in their treasury, they can simply print them.

[oHnK]

In Modern Monetary Theory, taxing the people is being used as a mechanism to control the public’s spending behavior, or even behavior in general. The government doesn’t need to tax you to put money in their treasury, they can simply print them.

Economic conditions regulated by the inflation rate is a form of injustice.  Per capita income per year which is an indicator of economic growth is just nonsense, because basically the increased income is accompanied by the inflation rate.  The greater our income, our expenses are in line with it, so how can it be said to grow.  Bitcoin is here to support the capitalist concept but not completely because its dominant value grows at a higher rate than the inflation rate, doesn't BTC answer this.

[Wind_FURY]

In Modern Monetary Theory, taxing the people is being used as a mechanism to control the public’s spending behavior, or even behavior in general. The government doesn’t need to tax you to put money in their treasury, they can simply print them.

Economic conditions regulated by the inflation rate is a form of injustice.  Per capita income per year which is an indicator of economic growth is just nonsense, because basically the increased income is accompanied by the inflation rate.  The greater our income, our expenses are in line with it, so how can it be said to grow.  Bitcoin is here to support the capitalist concept but not completely because its dominant value grows at a higher rate than the inflation rate, doesn't BTC answer this.

It’s actually a rising inflation rate is accompanied by higher income. The fact that income/salaries were increased, it assures that inflation would not go down to the levels it was from. It’s why the prices of goods and services were cheaper 10, 20, 50 years ago.