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mootcat t1_irlhqgw wrote

Reply to comment by natepriv22 in Singularity, Protests and Authoritarianism by Lawjarp2

They actually literally do.

Of existent money 95%+ is debt that has been leveraged to create more money. When you go to the bank to take out a loan the bank magics into existence the 100 thousand you need. They then use your contact as an asset and borrow against it, usually at a 10 times its value.

When the Federal Reserve printed 80% of currency in circulation in two years since 2019 that wasn't tied to anything real or tangible, hence the massive inflation we are dealing with now.

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natepriv22 t1_irn70ye wrote

So you agree with me. I'm not saying the money is directly coming from tax, but eventually it has to come through tax. We have reached such a breaking point.

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natepriv22 t1_irn733x wrote

What do you think inflation actually is?

It's really just another form of taxation that eventually ends up in the govs hands.

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mootcat t1_irnfspj wrote

Indeed! And it's intentionally maintained and raised/lowered as a mechanism of control over the populace.

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