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80 sats \ 7 replies \ @SimpleStacker 13h
I mean, it's not a new idea. States run lotteries to raise public money. Why not the feds? It's just a stealth regressive tax. I guess I wouldn't mind it in terms of effects, but I don't like the idea aesthetically
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30 sats \ 1 reply \ @kepford 11h
Oh man... the lotteries scam.
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0 sats \ 0 replies \ @SimpleStacker 11h
Yeah, very regressive form of taxation. But given where we are, if they used lottery money to pay off public debts, I think I'd support that. Because that would constitute a shrinking of the footprint of the government.
(Not that this would ever happen, but it's a nice little thought experiment)
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30 sats \ 4 replies \ @Undisciplined 12h
Just give the bond holders some $TRUMP or Doge and call it a day.
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38 sats \ 3 replies \ @SimpleStacker 11h
Ok, so hear me out. We can't give bond holders $TRUMP coz that would constitute a default.
But if they sell memecoins to pay off debt, wouldn't that constitute taking dollars out of circulation? Degens give the feds dollars, the feds use the dollars to retire debt. Degens get memecoins, but their value will quickly fall to zero and they will stop circulating.
So doesn't Cuban's plan result in money being taken out of circulation?
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30 sats \ 2 replies \ @Undisciplined 11h
We can give them $TRUMP once it's been made legal tender.
Yes, it would be deflationary, but it would only matter if there were trillions of dollars of demand for the meme coins. There are only so many fools and most of them have already been parted from their money.
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28 sats \ 1 reply \ @SimpleStacker 11h
This seems like a hold my beer moment
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30 sats \ 0 replies \ @Undisciplined 11h
All I mean is that they are technically finite. The second part of that sentence was the more important part.
But, yes, I'm sure something spectacularly stupid will happen in the near future. I have been telling people for years that we aren't on The Darkest Timeline, we're on The Dumbest Timeline.
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41 sats \ 0 replies \ @guts 8h
Cuban is a grifter
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70 sats \ 1 reply \ @grayruby 13h
No worse than the minting of a trillion dollar coin idea.
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40 sats \ 0 replies \ @Undisciplined 12h
My first thought, too
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41 sats \ 0 replies \ @Riberet 11h
I don't know whether to laugh or cry.
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41 sats \ 0 replies \ @kepford 11h
What a clown. Bitcoin exposes people. Over and over again.
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41 sats \ 0 replies \ @gmd 12h
whatever happened to miami coin lol
(n/m looks like it's just gonzo)
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41 sats \ 0 replies \ @Satosora 12h
I wonder if that was from his conversation with barron trump?
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