5 ms·
So you don't like privacy?
by nsnick 9y ago
So you don't like privacy?
- wmf 9y agoIf you like privacy, don't use regulated exchanges like Coinbase. Their job is to first follow the law and secondly serve their customers.
- KGIII 9y agoI love privacy. I love a well funded government even more. Please pay your taxes. Thanks.
- DennisP 9y agoI do pay my taxes. But I can't help but think there's a less intrusive way to fund the government.
- KGIII 9y agoSuch as? I can't think of a more realistic way. Not everyone is honest.
- unabridged 9y agoProperty tax, its the only thing you can't hide and its not a friction on the economy.
- DennisP 9y agoAnd carbon tax. Just count tons of coal at the mine and charge a fee per ton. Same at oil and gas wells. There aren't that many major sources, it'd be easy.
- KGIII 9y agoWe already tax that and not everyone owns property. There are also a lot of poor people who still manage to hold property.
- KekDemaga 9y agoEveryone lives on property. A tax on landlords is a tax on renters.
- otp124 9y ago> Property tax, its the only thing you can't hide and its not a friction on the economy. How is property tax not a friction? Total I pay about $5,500+ annually, and it increases every year. That's money I could have spent or invested elsewhere, is it not?
- aianus 9y agoIt's a disincentive to own property instead of a disincentive to work/produce/spend like our other taxes.
- DennisP 9y agoExactly. For bitcoin taxes we basically rely on people honestly self-reporting, which (a) isn't very effective and (b) means they have to do lots of tedious record keeping and FIFO calculations. Maybe that's not a very good tax. I'm not saying we shouldn't tax crypto at all, but some countries don't and they seem to do all right. Maybe there's a middle ground.
- hossbeast 9y agoHow about an automatic cut of every transaction that goes straight to the government? Fully automated - no reporting, no beauracracy. Like paying fees to miners.
- CryptoPunk 9y agoNo way to do that without eliminating privacy and banning decentralized cryptocurrencies that don't have this reporting function. People would be left with somethig like eCoin.
- oska 9y agoPollution taxes and land tax (following the Georgist model).
- synicalx 9y agoI'm curious, in what way do you feel that paying tax is an invasion of privacy?