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Cake day: June 18th, 2023

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  • Sort of… but saying that the government can issue as much new currency as they want is disingenuous and this is addressed later in the video, but it literally says that the tax money is “destroyed”… this is not really correct.

    The value of a government currency like the dollar comes ultimately from confidence in the US economy. If the economy produces value, then the dollar represents a piece of that value. If the economy is unproductive (less value is produced) then tax revenue is lower, and less new money can be issued.

    So to close the circle, your taxes do pay for something… the government’s capacity to issue new money, which it then uses to pay for government services &etc. Saying that “your taxes pay for nothing” is kind of a pointless argument over semantics, because without the tax collection the government would not be able to pay for anything.



  • Someone else has mentioned M-Disc and I want to second that. The benefit of using a storage format like this is that the actual storage media is designed to last a long time, and it is separate from the drive mechanism. This is a very important feature - the data is safe from mechanical, electrical and electronic failure because the storage is independent of the drive. If your drive dies, you can replace it with no risk to the data. Every serious form of archival data storage is the same - the storage media is separate from the reading device.

    An M-Disc drive is required to write data, but any DVD or BD drive can read the data. It should be possible to acquire a replacement DVD drive to recover the data from secondary markets (eBay) for a very long time if necessary, even after they’re no longer manufactured.