Bitcoin eliminates income inequality

Inequalities in income have recently been talked about, but they are very misunderstood.

Investopedia defines income inequality as the wealth of a very small proportion of the population or the concentration of extreme wealth.

This is usually the top 1%.

This inequality has always been due to various factors such as the decline of trade unions, technological changes based on skills, financing, and the superstar hypothesis.

However, another factor in the income gap is inflation, although it is not treated as big.

There is no controversy about the impact of inflation, because the powers are not well understood to benefit directly from inflation.

Clearly, inflation built into the legal currency enriches the rich and makes the poor more poor.

Inflation makes the poor poorer, due to the lack of wage contracts in inflation and two factors that reduce cash purchasing power.

Although the hourly, daily and monthly wages do not change, purchasing power base means that annual salary decreases.

But inflation causes real asset prices, such as real estate, to rise over time.

And these assets are owned by wealthy people.

This is accelerating the income gap.

So how does bitcoin affect the income gap problem?

Bitcoin removes inflation from the money system, eliminating the impact on income differentials.

In addition, Bitcoin is pre-configured with transparent, auditable software, which can prevent governments and organizations from imitating quantitative easing and printing many banknotes.

If Bitcoin becomes the world’s reserve currency, the inability of the government to use Bitcoin as a tool for economic manipulation will reverse the current income gap.

Those who are below half of the distribution of wealth, in particular, will increase wealth and purchasing power.

Personally, I think Bitcoin is very likely to improve the income gap.

This means that Bitcoin is tackling this problem from another point of view.

To resolve the income gap, we have to change the existing system.

And the biggest change we can do is to return to healthy money.

Bitcoin has been beautifully designed as sound money.

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