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peoplesdispatch.org

The Argentine President promoted a cryptocurrency that promptly collapsed after its price increased. The opposition is demanding impeachment proceedings against the president. More than 117 complaints regarding $LIBRA have been filed in the Argentine courts.

  • TroyEnglish
    76·
    3 days ago

    Won’t happen. It was a pump and dump from the beginning and anyone who lost money paid the idiot tax.

    • LongLive@lemmy.worldEnglish
      16·
      3 days ago

      While I understand your sentiment, it is unethical (which is confusing at times), to tax people because of their inability to make financially sound decisions. It is in the governments interests and duties to educate people to protect them from foreign and domestic bad actors.

        • LongLive@lemmy.worldEnglish
          1·
          2 days ago

          I guess you intend to convey that the “idiot tax” is a metaphor for the misfortune people suffer from their own (perceived) mistakes.

          Though I cannot control language, I am of the opinion that lotteries are an example of the “idiot tax”, both in metaphor and finance.