Stephen Townsend

Bitcoiner

New account as old one was compromised. So, sorry, not a bot 😅

[Stephen Townsend @5tephen7ownsend]

@KerbyKevan Wealth isn't greed, if you'd just understand,
It's earned in a market by serving the needy.
Each $'s a vote from a customer's hand.
Burn capital down and the ruin is speedy,
The poor starve first when the mob takes command.
Want a light hand? Ask the state, it's the greedy.

[Stephen Townsend @5tephen7ownsend]

@_itzsammy Industries live or die by what consumers choose to buy. The rich don't "hoard" wealth in a vault; they hold it as shares, factories etc. The poor are being squeezed by currency debasement: new money inflates the assets the wealthy already own, while wages trail behind prices.

[Stephen Townsend @5tephen7ownsend]

@ToutSuiteSinner Genuine question, do you think the rich just have stacks of gold and money piled up in a vault somewhere sitting idle?

[Stephen Townsend @5tephen7ownsend]

@AGarretAnderson @cafreiman So building a house and either renting it or selling it isn’t profitable?

[Stephen Townsend @5tephen7ownsend]

@BladeoftheS That's not freedom failing, it's central planning working as designed. Cheap credit inflates house prices long before wages catch up, and planning laws block the supply that would bring them down. Money and land are both controlled. That's the problem.

[Stephen Townsend @5tephen7ownsend]

@CrazyVibes_1 Monopoly is a good comparison, but you're blaming the winners rather than the rule rigging the game. New money lands in assets first, so existing owners get richer while everyone else gets higher prices and a 3% raise that's already spent. Fix the money, not the players.

[Stephen Townsend @5tephen7ownsend]

@RationalBlonde And that’s why they don’t teach economics in school

[Stephen Townsend @5tephen7ownsend]

@tjmussett @420GHz How do they create scarcity? Are they knocking down houses or preventing more houses being built?

[Stephen Townsend @5tephen7ownsend]

@ChrisMartzWX Do these same people by any chance tell you how good socialism has made parts of Europe despite the fact there isn’t a single socialist country in Europe?

[Stephen Townsend @5tephen7ownsend]

@FromN5_ Landlords don't make homes disappear. They rent them to the same people who need somewhere to live. Homes became "stocks" because money is debased every year and planning blocks new supply. You're right the game is rigged, just wrong about who rigged it.

[Stephen Townsend @5tephen7ownsend]

@BladeoftheS Capitalism isn’t a belief at all. It’s just social order built on private ownership of the means of production, where people are free to trade voluntarily with one another. Keynes policies however are far ‘nastier’ by nature.

[Stephen Townsend @5tephen7ownsend]

@martinowong @_Credible_Hulk Very few people claim capitalism to be flawless but it’s by far the fairest and most beneficial system we have.

[Stephen Townsend @5tephen7ownsend]

@Ariszn12 Bitcoin fixes this.

[Stephen Townsend @5tephen7ownsend]

@stockbella Communism is the end goal of socialism

[Stephen Townsend @5tephen7ownsend]

@RojipardoGT That's not capitalism, it's fiat. When money is debased, producers can't keep raising prices, so they cut quality instead. Thinner plastic, skimpflation, disposable everything. Sound money rewards low time preference and craftsmanship. Fix the money, fix the soldiers.

[Stephen Townsend @5tephen7ownsend]

@_itzsammy The problem is most people blame the symptom rather than the cause and policies that attack the symptom often end up making it worse and leave the cause untouched.

[Stephen Townsend @5tephen7ownsend]

@Dykeocletian Tech has cut labour massively: ~60hr weeks in the 1870s, under 40 now, earned by productivity, not law. 32hrs for 40hrs pay is a 25% raise by decree, so fewer jobs or higher prices follow. If gains feel stalled, blame inflation handing them to asset holders.

[Stephen Townsend @5tephen7ownsend]

@ProudSocialist The problem here is that there’s power to capture in the first place. Your solution to too much power in one place? Put even more power in one place. Genius.

[Stephen Townsend @5tephen7ownsend]

@BladeoftheS Correct. Everyone is poor.

[Stephen Townsend @5tephen7ownsend]

@Th3OnlyPurpl3 Money debasement. Who controls the money supply?