@lain @barrett The whole "unrealized gains" thing is effectively nationalizing all property.
ESPECIALLY when the government is instituting policies that mean that you need to use more dollars to buy the exact same amount of stuff. You haven't gained -- If you had a lump of value dust that cost enough money to pay your rent, bills, and feed your family for a month 20 years ago, then in terms of dollars that value dust nearly doubled in dollars, but it'll still only pay your rent, bills, and feed your family for a month... Except it won't because if you sell your value dust you had a "profit" because of monetary policy.
ESPECIALLY when the government is instituting policies that mean that you need to use more dollars to buy the exact same amount of stuff. You haven't gained -- If you had a lump of value dust that cost enough money to pay your rent, bills, and feed your family for a month 20 years ago, then in terms of dollars that value dust nearly doubled in dollars, but it'll still only pay your rent, bills, and feed your family for a month... Except it won't because if you sell your value dust you had a "profit" because of monetary policy.
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@lain @barrett The absurd amount of money the government costs would become quickly apparent and people would stop demanding more of it.
Imagine, the US federal budget every single year could buy like the top 5 companies on the NYSE.
Not to mention, where do you think those top 5 companies got their insane fortunes from?
Imagine, the US federal budget every single year could buy like the top 5 companies on the NYSE.
Not to mention, where do you think those top 5 companies got their insane fortunes from?