Many cryptocurrency supporters believe the technology allows for the separation of money and state in a manner that’s never been seen before. Governments inflict two forms of robbery against nonviolent citizens by forcing them to pay taxes while also stealing from them silently through inflation. Now there’s a wide array of digital currencies competing in different ways to help remove the parasitic behavior perpetrated by the oligarchy.
Also read: Bitcoin History Part 15: Silk Road Is Born
The Monetary System Designed by Oligarchs Penalizes the People
Most everyone lives under government rule and they are compelled to pay taxes and use the legal tender by order of their rulers. In most countries, everyone who has a job must contribute a portion of their earnings to the government. For instance, a portion of payroll taxes in the U.S. goes toward safety net concepts like Medicare and Social Security. 70% of an American’s income tax goes toward national defense, health care security programs, interest on the national debt, education, energy, and agriculture. A quarter of the funds go directly to the military and the average American family paid $12,000 in income tax in 2018. There are roughly 80 million households which means the U.S. government pulls in close to a trillion dollars annually from income taxes alone. That’s not counting state-funded lottery, road tolls, sales tax, capital gains, building taxes, business tariffs, property levies, and more.
The state has been pillaging and stealing from the general public for centuries.
Despite the fact that most of the safety nets and health care systems are in shambles, roads are filled with potholes, bridges are failing, and the education system is failing, the only thing that continues to grow is the U.S.