America's wealth comes from the efforts of people striving for success. Take away their incentive with badmouthing success and you take away the wealth that helps us take care of the needy.
Socialism and Communism are extremely attractive to a superficial observer. It is not until you get into the details, or actually experience it, that it becomes apparent that it does not work.
What I am objecting to is linking bitcoin and other cryptocurrencies by federal regulations to the real economy, which would happen if we were to clear bitcoin along with other products in the same trading house.
My mother had various jobs, from where she was regularly fired as politically undesirable. I often saw her crying and mumbling that we'll starve to death.
Yes, in socialism the rich will be poorer - but the poor will also be poorer. People will lose interest in really working hard and creating jobs.
It was a big deal to leave home and my culture and my language. But I believed that in America, I could truly reap what I sowed and that the measure of a man was his ability and determination to succeed. This was the land of boundless opportunity.
I grew up in a socialist country. And I have seen what that does to people. There is no hope, no freedom. No pride in achievement.
I think bitcoin and other cryptocurrencies are great ideas. They should be allowed to be traded freely and used freely to find their appropriate role in the economy.
I had an extremely boring time doing 20 to 30 trades a day while everyone was talking about baseball or basketball. So I stood there fantasizing about a device that could do the same thing I was doing.
I see no point in exchanging something that I understand, know, love and think will have a great future for something else that I know much less about.