Join Nostr
2025-10-05 16:41:36 UTC
in reply to

npub1hr…yltj7 on Nostr: I’m with you on everything except number five. In the U.S., we pay capital gains ...

I’m with you on everything except number five. In the U.S., we pay capital gains tax. The wealthy don’t, because they borrow against their assets instead of selling. We’ll never want to sell our bitcoin either, but we’ll still need to spend it somehow. That’s where borrowing or lending it out comes in. We’ll either loan our bitcoin to those who ignored us today, or borrow against it ourselves at low rates.