If you think I’m trashing MAGA (whatever that is now) I really am sorry. I know for certain there are millions of Americans who voted for Donald Trump that love this country and love their neighbors and love their families and struggle and succeed and fail just like me and you and everyone. And I don’t begrudge them their political affiliation in any way. I just abhor the hate. The meanness for the sake of being mean. No matter where it’s coming from. I’m not your enemy man. I’m really not. They’re trying to get us to fight among ourselves while they pick our pockets and piss on our legs and tell us it’s raining. I’m not doing that to you and I sure as hell know you’re not doing that to me. What could we possibly gain by hating each other as they walk off with all the food on the table. We can disagree with each other without hating each other. We just all need to break the algorithm man. It’s so much more fun finding a reason to love someone than it is finding a reason to hate them.
@UziCryptoo So when your debt card number gets stolen and they drain your account in minutes, is Dave going to reimburse you for fraudulent charges like a CC will? Debt cards are the last thing you want to use these days.
A man deposits $10,000 in a bank.
The bank thanks him and records the deposit on its balance sheet. But not where you might expect. For the bank, that $10,000 is actually a liability – because technically it belongs to the customer and might have to be returned.
So the bank does what banks do. It lends $9,000 of that money to someone buying a car.
Now something interesting happens. The $9,000 loan appears on the bank’s books as an asset – because someone now owes the bank money.
So the same $10,000 is doing two jobs at once. The depositor believes he has $10,000 safely in the bank. The borrower now has $9,000 to spend.
That $9,000 gets deposited somewhere else. The next bank lends $8,100. That gets deposited again. Then $7,290 gets lent out.
Soon the original $10,000 has quietly turned into tens of thousands of dollars of loans scattered across the economy.
Everyone believes they have money. Depositors see balances in their accounts. Borrowers have the money they spent. Banks show healthy assets on their balance sheets because people owe them money.
And here’s the best part.
Banks charge interest on all those loans – maybe 7%. But the depositor who supplied the original money might earn only 0.5% on their savings account.
So banks collect interest on money that mostly wasn’t theirs to begin with – and keep the difference.
The system works beautifully.
As long as nobody asks for the money back at the same time.
American’s daughter had the flu so she went to get her lab tests, they were sent a bill for $126
She forgot to give her insurance so she called and provided it. They said discard that bill and they’ll send a new one with her insurance added
The new bill is $212
Now she must pay the more expensive bill because she provided her insurance
The US healthcare system is a scam
Let me make this crystal fucking clear….
If Clinton abused young girls…
- Prison
If Bill Gates abused young girls…
- Prison
If Elon Musk abused young girls…
- Prison
If Clarence Thomas abused young girls…
- Prison
If Donald Trump abused young girls…
- Prison
You either agree to all of these or none.
If you pick based on politics…
You Support Pedophiles,
Not Kids.
Property tax is just a tax on unrealized gains and I'm tired of pretending it's not.
You buy a house for $300k. Years later, market goes up, assessor says it's worth $600k now. Boom—your tax bill jumps, even though you haven't sold a damn thing, pulled equity, or seen a dime of cash from that "gain." You're paying every year on paper wealth that only exists on Zillow or some county spreadsheet.
We lose our minds when politicians float taxing unrealized stock gains for billionaires ("muh forced sales!"), but grandma gets hit with the same thing on her family home and we're supposed to call it "paying for schools and roads"? Nah.
It's a wealth tax dressed up as a service fee, and it only feels fair because we've normalized it for centuries. Once the mortgage is paid off, you should OWN it outright—no annual ransom to the county just because your neighborhood got trendy.
Abolish property taxes on primary residences. Tax consumption if you must, but stop pretending "ownership" means you rent from the government forever.
@NewsAsset Yes, but I’m definitely not clicking on any links in it. Hopefully another chunk of BTC arrives in my previously authorized distribution account. 😊