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Given how out of touch the senators and representatives are, it seems an unlikely topic to come up spontaneously into the bill. So, I wonder where the motivatio
by dv_dt 5y ago
Given how out of touch the senators and representatives are, it seems an unlikely topic to come up spontaneously into the bill. So, I wonder where the motivation came from to include this provision?
- eyeball 5y agoBankers who own the world probably.
- garmaine 5y agoIt is how the bill is paid for. This is new spending, so they had to come up with $1Tn of new taxes, without actually adding any taxes. They assume that people aren’t paying taxes on their crypto transactions, then whip out a big stick to make those people pay up. Then make some assumptions about the market cap of crypto adding to government revenues.