[asmos7]

Fun fact but the gov basically stole gold from ppl b4 in the good ole USA. They made it illegal to hold - if you were caught having gold it was a 10k fine. PPL were forced to go to their banks and sell their gold at a loss.

https://en.wikipedia.org/wiki/Executive_Order_6102#:~:text=E....

That article uses the term hoarding but don't be fooled they made holding any relevant amount of gold for investment illegal. You were still allowed to have gold necklaces and the like though

[kaycebasques]

I have heard mixed things about the historical event you're mentioning. I've heard it was a law that wasn't strongly enforced. Of course just having the law in the books probably served its purpose of reducing gold transactions. But that's different than the government actively fining people $10K. Which would be like $200K today by the way.

Also, I'm not sure if it is an apples-to-apples comparison. Back then the main money of the society was associated to gold. There is no such link today. I.e. the value of USD isn't associated to BTC. The government had a existential need to reduce gold transactions. You can argue the government is threatened by crypto etc. but like I said it's not apples-to-apples.

[Jansen312]

No strongly enforced means it will be selectively enforced. And there are many such opportunities to do so for a government if they need some leverage on certain individuals. And these days, a Jury can be bypassed making Jury nullifications immaterial. Essentially it is government or more like unelected bureaucrats becoming overloads over private individuals.

[bachmeier]

Is this comment somehow related to the one you replied to?

[Nbox9]

Yes. Root comment states that government regulation protects wealth by giving examples of several situations in which a government regulation protects wealth. Root-1 comment gives an example of government regulation destroying wealth, by giving a concrete example involving an asset class referenced in root comment.

I would say that the two comments together point towards a complex relationship between governments and the wealth of it’s citizens.

[andrewclunn]

Yes, it's pointing out that regulation doesn't protect one from theft, it just formalizes it.

[simonebrunozzi]

> ppl b4

Please do not abbreviate words like this. It makes the text harder to read.