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Fundamentally, governments don't need to tax currency movement. If they implemented a flat income tax only, or even better a flat consumption tax, it could surv
by lowpro 10y ago
Fundamentally, governments don't need to tax currency movement. If they implemented a flat income tax only, or even better a flat consumption tax, it could survive off a single tax and not need to worry about income or movement.
- csydas 10y agoMmm, understandable position. I guess I must admit that my original statement came with an assumption of "BTC deployed in the current real world setting." I do agree that given the scenario you and the other commenter provided would not require government scrutiny as they would have no interest. Though, also both scenarios exist as "what-ifs" of the real world and an ideal world setting for BTC, not an idea use scenario for BTC>