Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
To those who thinks that $1mil is a lot: it sounds like lot, but...
This is the crux of my issue. As someone sitting on a pile of coin, and retired, why the fuck would I have any incentive to sell corn under those absolutely retarded proposed tax rates?
TBH, and I don't want to sound like a total dick-bag or anything, but every time I sell, $1M is the bare minimum I dump at any time, and cruise on it until I need more. I'm fucking stupid that way. Sue me.
I hope you can appreciate why this proposed increase twists my panties up a little bit. I mean, if this means I just need to sell <$1M USD per year, then so be it, but it's just ridiculous, in that it promotes hodling by us hardcore folk.
Having said that, I'm sure the time will come in the next 5 years, where I decide to buy up the parcel of 100 acres next to us, and erect a proper Citadel, complete with a goddamn lava-filled moat, fed via drilling into the recesses of our mantle, in a rather impressive engineering feat for Bumfuck, TX.
Hopefully Biden is out of office by then, and whatever retarded tax "reforms" he may ram-jam through get repealed.
This tax maneuver is going to be discussed. Unfortunately, left wing politics are really after richie rich's gains, while the generated taxes are just a tip of the tip of an iceberg of "projected justice". It's populism, they kinda try to signal "hey poor people, hey middle class, hey workers! we gonna give them richies what they deserve, so it makes you feel you're kinda important to us.", or if you put it that way:
Quote
Your enemy is our enemy.
This is just cheap, and also distracting from the real problems of economy that constantly makes the poor get even more poor.
Populism at it's best. This time it's not the Trump way, but the other way round
Same old shit.