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I'm surprised no one has mentioned blockchain here. :) All jokes aside, isn't this an interesting application of blockchain technologies? The title omits the
by xrd 8y ago
I'm surprised no one has mentioned blockchain here. :)
All jokes aside, isn't this an interesting application of blockchain technologies?
The title omits the fact that this article is really about taxation.
I had a knee jerk reaction to Bingbing's situation that was "she's right to hide her earnings from corrupt Chinese politicians!" At the same moment, I hold in my head the belief that Americans using resources (like roads, infrastructure, etc.) should pay their "fair" share of taxes, while simultaneously feel outraged that the lion's share of my tax dollars go to a military industrial complex which acts contrary to the way I feel my country should act as a global citizen (that's understating my real feelings...).
Wouldn't a public ledger resolve some of these problems? As the article notes, people in China were outraged (or is this a manufactured sentiment to bolster the punishment?) at the amount she earns compared to the average citizen. If there were a public accounting of her wages and public accounting of her taxes, wouldn't this transparency make EVERYONE HAPPY. </another-bad-joke>
So glad to have changed the opinion of blockchain for everyone here. You are welcome!