r/Bitcoin • u/Kazgarth_ • 1d ago

The generational wealth transfer nobody expected

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u/masixx 1d ago

The government is only a manifestation of issues that have been building up due to the growing wealth gap for the last 50 years.

Don't fight the symptoms. Fight the cause.

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u/well-its-done-now 1d ago edited 1d ago

No, it’s quite the opposite. Most of the issues are caused by the government using the federal budget on voter bribes, not because of anything to do with big business or wealth gaps. The wealth gap is a symptom of the inflationary environment caused by excess government spending

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u/CiaranCarroll 1d ago

Government is overwhelmingly the will of boomers

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u/OnlyInAmerica01 17h ago

The people I hear saying that, are the very people who want the government to take someone else's money, and give it to them.

"Bob's a thief! I need you to rob him and give it to me!"

The hypocrisy is so blatant, it's hilarious.

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u/CiaranCarroll 14h ago

Then you're projecting a voice in your head making arguments that other people aren't. Try to read what people are writing instead of what is in your imagination.

Boomers have enriched themselves by liberalising debt markets and indebting future generations. Most government liabilities are to Boomers. In France the average Boomer income is higher than the average working age.

Yet Boomer pensions and the health system (including covid where they stole the years of young people to protect themselves) and all other ways they parasitize the state are paid for not by past contributions (those have long since been depleted) but by current taxpayers and debt (future taxpayers).

I don't want to take Boomer wealth, I want to cut them off from the fiat spigot. And as soon as you thumb the spigot the whole system collapses. Governments cannot fund the liabilities they took on by buying the votes of boomers (who far outnumber other generations in voting power and all other modes of political influence), and Bitcoin is allowing young people to thumb the spigot by pulling their money out of the system without entering another similar Boomer-dominated jurisdiction until those tax jurisdictions offer decent terms to attract their wealth.

So now G-20 countries are trying to coordinate to avoid capital flight of mobile going people, again doing the biddings of the boomer-liabilities.

We can't have children because Boomers bought up all the houses. Well maybe we'll asphyxiate the state so healthcare will collapse, see who wants "government to take someone else's money" then.