Christina BorrowLucid | Chones
@borrowlucid.eth
Tryna understand OBBBA, do I have this right? So, the big beautiful bill raises inflation and national debt, while giving tax cuts to the rich, so they're gonna bet on bitcoin, because cheaper dirty energy for mining and more reliable commodity? Also, international transactions are easier in crypto, so when migrants send money home, they'll use USDC instead of Western Union?
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Christina BorrowLucid | Chones
@borrowlucid.eth
Oh, no wait, the international transactions have nothing to do with migrants, because ICE is getting a raise. So, the cheaper international transactions are for those getting tax cuts and betting on bitcoin. So, the rich keep more money, use it to buy bitcoin and send it out of the US all at lower rates and less taxes, so their held scare resource isn't taxes either, because it's not in the US. Do I have that right?
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Christina BorrowLucid | Chones
@borrowlucid.eth
Okay, now my question is, when the US takes medical and food support from the people in poverty, then they'll start dying at a faster rate. And if workers are being deported, and put in jails and gulag, then they'll be fewer people to work. So, what happens when there's not enough people to produce a growing GDP and most of the money is moved into bitcoin in the Bahamas? Am I taking thing too literal? I didn't go to business or economics school, but I did study toke engineering. Am I missing the thing that's actually balancing the system in this bill?
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plor
@plor.eth
Also, gulag is a strong word to use here. I recommend walking back the rhetoric below MSNBC levels.
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Christina BorrowLucid | Chones
@borrowlucid.eth
:)
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