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33 sats \ 3 replies \ @Scoresby 29 Jun \ on: Personal Finance Musings: To Bitcoin or Not to Bitcoin, That is the Question econ
Something that may not be accounted for in your calculations here is the absolute failure of governments to do what they say they will do on any lengthy time horizon.
Whatever tax-advantaged account you are currently using, how confident are you that the rules won't be changed?
I fully expect tax advantaged retirement structures to be a taxation target in the next 30 years as gov'ts continue to fail to raise the money to match what they spend.
yeah, that's the major tail risk. And I'm fairly confident that if/when shit hits the fan, my mafiosos will just tax or outright steal the sums currently custodied with a fund. (see Australia, already trying to tax out large Superannuation accounts.)
I wonder if that risk is rivalled/mitigated by other fiat ways of holding assets -- i.e., property or stocks or bank accounts?
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Maybe private equity/credit? Seems like it would be harder for the gov't to seize. If you have loaned someone money or contributed funds to their private enterprise, the relationship can be more straightforward. No central broker custodying everything. But I suppose that comes with other risks. And they can tax such investments any way they like. But then bitcoin doesn't fix taxation, either.
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I am one step removed in that it's not a government pension scheme, but (ostensibly) private, and consisting of real assets rather than fake claims on future gov payouts.
I have that going for me
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