Post
Topic
Board Economics
Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
by
wildan88
on 16/01/2020, 05:31:12 UTC
I can feel you and I share your frustration. But the government does not intentionally limit the wage so that we cannot invest on crypto with big amounts just like the rich are doing.

To be fair, Bitcoin was worth 0.0005 cents or even much lower when it first came out. Where were the people at that time, especially those who have heard of it? Everybody can afford it. But only too few bought or mined or got it from faucets and other sources. Right now, it is hard pointing fingers. We also have had our failures.

Agreed. It's not like the government is eyeing every investment we are trying to get into. Heck, they probably want us to be a bit richer so they don't need to bribe us with money they can keep for themselves.

I think so, too. I guess the government is going to become happier if the people are richer. The economy is going to be more vibrant, businesses would be thriving, taxes are increasing, and so on. There is going to be less beggars around, unemployed, protests due to low wage and poor services, sick people, and so on.

It should be, if the government has a rich society, the government will not spend a lot of budget on poor people. but is increasing wage a solution?
it will cause some negative and positive impacts. but the negative impact will be more unemployment if the company is unable to pay high wage and they will cut off work rights. we must change the mindset and not demand too much, because there are also many people who invest in bitcoin without having a job.