But if you save your money in a bank you arent hording it. Hording it would be stuffing it under your mattress. While a bank will circulate your money through other investments. That's why banks gives you intrest. So it still works in a flat tax system since no money is technically stagnant if you store money in banks. Which you are incentivised to use because of intrest.
Fine you dont trust banks. Big hoopla. I'm just saying it as a counter point of it being concidered hoarding.
At least it's in a system where it decreases in value less than just keeping it in a vault.
Best case to keep money in is in real estate and land. But if you want money but not have it in a place that can devalue and thus lose the investment banks is how you go.
Is it normal to want a flat rate tax?
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But if you save your money in a bank you arent hording it. Hording it would be stuffing it under your mattress. While a bank will circulate your money through other investments. That's why banks gives you intrest. So it still works in a flat tax system since no money is technically stagnant if you store money in banks. Which you are incentivised to use because of intrest.
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donteatstuffoffthesidewalk
1 year ago
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banks pay about 20 bucks a month interest per 100k
most uninteresting
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LloydAsher
1 year ago
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It's not nothing.
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donteatstuffoffthesidewalk
1 year ago
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it is nothin compared to a proper investment
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LloydAsher
1 year ago
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That's why it's called savings rather than investments.
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donteatstuffoffthesidewalk
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they should call it losings
100k sittin in a bank for the last decade would be lucky to be 101k now and worth at least 30% less than it was at the start
more like 75% less if you spent it on steak & lumber
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LloydAsher
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Fine you dont trust banks. Big hoopla. I'm just saying it as a counter point of it being concidered hoarding.
At least it's in a system where it decreases in value less than just keeping it in a vault.
Best case to keep money in is in real estate and land. But if you want money but not have it in a place that can devalue and thus lose the investment banks is how you go.