Pro Publica explains how tax works for the wealthy. .@ProPublica has obtained IRS records for thousands of America’s wealthiest people. To understand how some ultrarich stay that way without paying much in taxes, familiarize yourself with a strategy known as “Buy, Borrow, Die.” (THREAD) 2/ Most people need an income Read more…
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Dennis Porter posted his opinion on why he thinks bitcoin is the greatest invention in human history. https://threadreaderapp.com/thread/1398371603424026624.html I fully believe #bitcoin is the greatest invention in human history. For 10,000 years we have been using money and for 10,000 years those in power have been corrupting the money we use. Debasement Read more…
I strongly suggest people listen to this discussion from the Bitcoin Standard Podcast. Even if you don’t think you care about the Islamic way of life and how they treat money, I guarantee you that you’ll find it fascinating. Is Bitcoin the most Islamic form of money? What do Muslim Read more…
Ray Dalio said in an interview that he owns some bitcoin and that he’d rather have it than own bonds. Generally we shouldn’t care what yet another rich old white billionaire says, but this one feels like a tipping point. Ray Dalio was very much against bitcoin only a while Read more…
A bitcoiner on twitter wrote: https://threadreaderapp.com/thread/1397020794937561088.html /1 SHORT THREAD “Why it’s INEVITABLE that #Bitcoin will win” Someone, who isn’t too financially literate but fairly smart, sent me a text asking about shitcoins My reply is below Note: # of people spreading this message is growing exponentially Nobody can’t stop this /2 (BEGIN Read more…
The biggest crime is being perpetrated towards the upcoming retirees. Consider this: You’ve worked your entire life in fiat. You’ve been a company man, made sacrifices, put your head down, followed every rule, worked like a cog in the corporate machine. Nice. And you’ve been promised a retirement. It looks Read more…
Money is precious time. Inflation is robbing you of your time. Watch the interview with Robert Breedlove and then the little short movie about inflation. Money = Human time. Inflation on money = theft of human time. Central bank = Institution managing money. Central bank inflating monet supply = Institution Read more…
It’s the reason you can’t afford to buy a house. It’s the reason young adults can’t move out of their parents’ house. It is the reason educated people can’t get a good paying job. It is the reason corporations treat you like a piece of garbage. Stream Money, Explained, now Read more…
Scene from the show Mr Robot. It is eerie how accurate the exchange is. I’ll admit I didn’t see it coming back then. All rights belong to their respective owners.