RattyCrisp

Bitcoiner | Free the markets | Rat | Here for the crumbs | 🇦🇺

[Erik Voorhees @ErikVoorhees]

If the socialists had their way, Elon would have had his paypal profits taken and redistributed for the greater good.

The world would never have seen Tesla, nor SpaceX.

And the world wouldn't know it, because they were uncreated, and thus unseen.

Imagine the companies that don't exist, because Washington destroyed them before they were born.

[Daniel Priestley @DanielPriestley]

Under capitalism, socialists are free to build socialism.

Under socialism, capitalists aren’t free to build anything.

Nothing stops a group of socialists pooling their money, forming a company, and splitting every wage and every pound of profit perfectly equally.... Or to donate all profit to the government.

It’s legal. It’s easy. Owning the means of production is as simple as setting up a company.

Marx wrote his manifesto before the invention of limited liability companies. Back then “seize the factory” meant seizing it from the handful of families who could afford one.

That argument expired the day anyone could start a company with limited liability, raise investment and hire who they want.

Socialists are free to lead by example and demonstrate their system works. They can out-recruit, out-motivate, out-build and out innovate based on their ideas if they like. It would prove the philosophy works. Capitalism will happily host their experiment.

The fact that nobody does this tells you a lot.

[Michael Arbon @arbsmichael]

When Australian banks lend, they create money out of thin air.

The majority of money in our modern economy is created by commercial banks making loans.

This is no conspiracy.

The @RBAInfo recently confirmed in a Senate Estimates response that when a bank issues a new loan, it creates new money electronically in the form of a bank deposit, without the need to print new banknotes.

They also stated that expanding mortgage credit expands the money supply and can contribute to inflation and rising asset prices.

Yes, the repayment of existing loans can reduce the money supply, but we know that our system is sustained by ever expanding credit (money).

Money is debt. A banking licence is a licence to print money.

[RattyCrisp @RattyCrisp]

@purplepingers Curious. At what point does taxing investment start discouraging it? Or do you think that line doesn't exist?

[RattyCrisp @RattyCrisp]

https://t.co/4d97DktGcK
For context on why CPI understates the real purchasing power loss

[RattyCrisp @RattyCrisp]

CPI says inflation is about 4%. The real purchasing power loss is closer to 6%.

Prices should be falling. Technology and productivity naturally push costs down, conservatively 2% a year. But CPI just nets that out against the money printing and reports what's left.

[RattyCrisp @RattyCrisp]

The new Aussie CGT indexation adjusts for inflation using the government reported CPI number. Their intent is to make sure you're only taxed on real gains.

CPI runs at about 4%. But the real purchasing power loss is at least 6% once you account for the deflation technology should be delivering. And that's a conservative estimate. As AI accelerates, the gap only gets wider.

Assuming a conservative 2% annual deflation, which compounds. Over 10 years on a $600k asset, you're paying tax on roughly $186k of gain that doesn't actually exist.

They're not taxing your real profit. They're taxing the gap between the inflation they created and the lower number they chose to measure it with

[RattyCrisp @RattyCrisp]

We should all be winning from AI and tech making everything cheaper. Instead most people are losing ground in real terms and don't even know it.

CPI doesn't measure the true inflation. It measures how much of the money printing the tech improvements managed to hide.

[RattyCrisp @RattyCrisp]

On top of that, the CPI method itself gets tweaked constantly. Steak gets expensive, swap it for chicken. Your laptop costs the same but the chip is faster, that's recorded as a price decrease.

[RattyCrisp @RattyCrisp]

CPI says inflation is about 4%. The real purchasing power loss is closer to 6%.

Prices should be falling. Technology and productivity naturally push costs down, conservatively 2% a year. But CPI just nets that out against the money printing and reports what's left.

[RattyCrisp @RattyCrisp]

The Aussie housing market has been crashing for decades. It just depends what you measure it in.

We don't have a housing problem. We have a money problem.

But sure, keep saving in AUD and wondering why you're going backwards.

[RattyCrisp @RattyCrisp]

@samlong1658 @veefriends @garyvee A

[RattyCrisp @RattyCrisp]

@rationalaussie Once you see it, you can never unsee it

[RattyCrisp @RattyCrisp]

@1000xPod Yes plz

[RattyCrisp @RattyCrisp]

@rationalaussie Every sentence in this article was painful to read. The highlight for me was 'block of deals'.

Much higher.

[RattyCrisp @RattyCrisp]

@tedtalksmacro Fidelity with the momentum

[RattyCrisp @RattyCrisp]

@bodensol @smolesolcoin HNbaXhjSW1HmJbydJix5Wj1ocMQ52qkcQgZ3D94iJrMx

[RattyCrisp @RattyCrisp]

@rationalaussie Well said 👏

[RattyCrisp @RattyCrisp]

@rationalaussie Thoughts on Eth?

[RattyCrisp @RattyCrisp]

@gametheorizing

[RattyCrisp @RattyCrisp]

@gametheorizing Surely my last meme