Big_Business93 on Nostr: If I buy $100 USD with AUD at the current exchange rate it would cost me $138 AUD. If ...
If I buy $100 USD with AUD at the current exchange rate it would cost me $138 AUD.
If the Australia government then decided to double the money supply for whatever reason, my $100 USD would then be worth $276 USD.
I would then have to pay capital gains tax on the $138 AUD "Gain" even know it still has the same purchasing power as it did before they doubled the money supply.
Published at
2026-05-06 05:46:48 UTCEvent JSON
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"content": "If I buy $100 USD with AUD at the current exchange rate it would cost me $138 AUD.\n\nIf the Australia government then decided to double the money supply for whatever reason, my $100 USD would then be worth $276 USD.\n\nI would then have to pay capital gains tax on the $138 AUD \"Gain\" even know it still has the same purchasing power as it did before they doubled the money supply. \n\n\n\n \n\n",
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