Willy Woo
@willywoo
#Bitcoin# class of 2013... onchain data, market structure, research since 2016. I only post here, all other channels especially Telegram are scams.
Joined February 2008
368 Following 1.2M Followers
There’s 2 types of “taxes” governments use to plug deficits.
1) Tax on income and
2) property confiscation
Confiscation has 2 types:
- Debasement which hits the poor who save in cash and do not own assets
- Wealth taxes which targets the rich who don’t own money, they own the means of production
The former makes the poor poorer and leads to civil war and revolution
The latter destroys the means of production, the economy collapses and the country fails
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