bitcoinbadger on Nostr: Outstanding post via El Gato Malo... ===== consider: you buy a house for $1,000,000. ...
Outstanding post via El Gato Malo...
=====
consider:
you buy a house for $1,000,000. 3 years later, it’s worth $1,200,000. but inflation over that period has been 25%. so in real (inflation adjusted) terms, your house has actually lost 4% of its value. you can trade it for less of the overall goods basket than you could have 3 years ago.
but the tax man does not care.
all he sees is “$200k gain” and you get taxed on that.
but what did you actually gain? nothing. in real terms, you lost.
you’re getting nailed with a surcharge for the poor currency stewardship of your government.
they wreck the dollar, you get the bill.
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https://boriquagato.substack.com/p/the-road-to-serfdom-is-paved-withPublished at
2024-04-16 18:27:16Event JSON
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"content": "Outstanding post via El Gato Malo...\n\n=====\n\nconsider:\n\nyou buy a house for $1,000,000. 3 years later, it’s worth $1,200,000. but inflation over that period has been 25%. so in real (inflation adjusted) terms, your house has actually lost 4% of its value. you can trade it for less of the overall goods basket than you could have 3 years ago.\n\nbut the tax man does not care.\n\nall he sees is “$200k gain” and you get taxed on that.\n\nbut what did you actually gain? nothing. in real terms, you lost.\n\nyou’re getting nailed with a surcharge for the poor currency stewardship of your government.\n\nthey wreck the dollar, you get the bill.\n\n=====\nhttps://m.primal.net/Hvxb.png \nhttps://boriquagato.substack.com/p/the-road-to-serfdom-is-paved-with",
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