Video Description

In this video, I discuss how a government's money printers combined with an unrealized capital gains tax can be used to confiscate everyone's savings over a very short period of time.

The more you print, the more you devalue cash and pump asset prices. You then use realized and unrealized capital gains taxes to harvest these pumping assets and steal from your citizens.

Ultimately, the rich will flee a country that does this, tanking the stock market and leaving behind fewer jobs and more problems for the working and middle classes.

The best hedge against terrible economic policies like this remains Bitcoin, which is portable and cannot be confiscated or debased or diluted by money printing.