Post
Topic
Board Economics
Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
by
criza
on 19/01/2020, 22:18:21 UTC
Op is complaining without even knowing how the fiancial system works. First of all, a government cannot simply impose a x10 increase of wages or $100 per hour. Many businesses will be closed if op is to be followed. And there are also no guarantees that if higher wages is imposed a big part of it will flow to the crypto market.
There are reasons in to which the Government does not make the wages of people high. One of the reason is it would disrupt the economic state due to high pay means high demand on goods and services because a lot of people would spend their money in it causing for a higher prices because supplies and services are deemed to be not enough due to the fact that consumers or worker's wage are high.