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Because the electricity, roads, laws and communications which support your monopoly money currency need to be funded. If you want to go make a million dollars,
by searine 9y ago
Because the electricity, roads, laws and communications which support your monopoly money currency need to be funded.
If you want to go make a million dollars, more power to you, but you also need to pay your fair share like everyone else.
- repomies6999 9y agoWhat is seen as fair is a very subjective question. I would prefer not calling it "fair share" because taxation is very complex and depends hugely on how good you are at gaming the system.
- matt4077 9y agoWhat's the capital gains tax in the US? I seem to distinctly remember it's far lower than a bricklayer's income tax. So, arguably, taxes on bitcoin speculation are not a "fair share" only in the sense that it's still too low.
- 52-6F-62 9y agoI think it's fair to say that many people lose perspective when it comes to their wallets.
- buttcoinslol 9y agoParaphrasing Upton Sinclair: It's difficult to get a man to understand something when his portfolio value depends on his not understanding it
- lostboys67 9y agoCGT is very high in the USA compared to the UK and the rest of the EU - which discourages investment as opposed to buying safe T Bills or Guilts