You are viewing a single comment's thread from:

RE: The New York Times has a huge article out on Crypto Currency! "Grandpa Had a Pension. This Generation Has Cryptocurrency."

in #cryptocurrency7 years ago

The government has to sell my generation on the idea that I need to put money into social security but I will NEVER see a cent of it. People my parent's age are stressing over if they are going be the last ones to enjoy social security or if it’s already too late and just a dream at this point. They change the formula for how it pays out, they increase the age. It still self-bankrupts and it will always because it’s researched a critic failed point. Birth rates and income have stagnated too much to support it.

They need my generation still believe that we can somehow retire one day. That is the American dream for so many. Work hard for a large part of your life then retire and enjoy things for a while. The next logical step for them is the stock market. Except, people are sick and tired of the front loaded, back loaded, and being taxed to death on it. Far too many put people in are told the stocks that were invested in made a profit but they lost money. They can only sell the stock market is where we are supposed to put our “disposable” income only for so long. The truth is, far too many people are struggling to even be investing in the stock market either. Many do not have any plans for a retirement plan but they know they need one someday.

With the middle class shrinking, social security being a dream, stock markets not paying out they need to one day still sell us on the retirement dream. Cryptocurrency for the younger generations who are tech savvy is the perfect place to sell us that dream. In the end, they will be forced to allow it even more so than they are once they are certain they can tax it to death.

There is also another issue. Taxes, they just can’t spend like a reasonable and responsible people. Far too many people cheat the tax system because they feel themselves cheated by it. How do they fix this? Remove the hard cash you can hold in your hands. Most of it is only a number these days anyway. If they were to create their own cryptocurrency where they can see 100% every single transaction per tax payer and get their fair tax. Well then suddenly cryptocurrency is the best thing in the world.

I suspect over time they will continue decreasing the negative news, and the spin of it downward. It solves just way too many issues for them. It will allow them to sell a dream, tax people to death, and control us by holding the end points of the money supply. They will get the dream they always wanted. Seeing every single cent ever spent, accepted, traded, and change hands. They just got make it there own first for control.

Sort:  

Well, there's your next post.

Again.

Well said as always.

Coin Marketplace

STEEM 0.17
TRX 0.12
JST 0.027
BTC 61251.21
ETH 2951.27
USDT 1.00
SBD 2.52