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100 sats \ 0 replies \ @justin_shocknet 8 Mar \ on: How do you think the term "Budget-neutral" is going to get abused? AskSN
It's like a corporation buying back stock instead of paying out dividends
Or like Microstrategy buying coin instead of buying back stock
The "taxpayer" pearl clutching sounds retarded from people in Bitcoin that have a pretense of insight into the Cantillon system, the federal governments spending is seigniorage, very few people actually pay taxes-on-net at the federal level... taxes are a throttle on velocity (deduct from pay check, give it back later in exchange for filing your data)
If they issue stables in exchange for coin and keep the "yield" as saylor puts it, that's arbitrage, the stablecoin bag holder voluntarily pays for it.
If they liquidate commercial real estate, paying back the debt with that sale would destroy dollars and cause monetary supply deflation... deflation = a death spiral stalling of the economy in a fiat ponzi system, so Bitcoin provides an off-ramp for that which benefits everyone equally (but Bitcoiners more) by maintaining a hard asset on the balance sheet with no carrying costs.
Jfc the hipster cope on this board is unreal...