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Governments collected taxes on cash and non-fiat for millenia (and still do so), they will have no issues taxing crypto if they need to.
by yed 5y ago
Governments collected taxes on cash and non-fiat for millenia (and still do so), they will have no issues taxing crypto if they need to.
- Reichhardt 5y agoBut at much lower rates. Taxes as a % of GDP didn't exceed 10% in the USA until WW1: https://upload.wikimedia.org/wikipedia/commons/3/37/Federal%2C_state%2C_and_local_tax_revenue_as_a_percent_of_GDP.pdf https://upload.wikimedia.org/wikipedia/commons/3/37/Federal%... You can see other spikes related to other wars. Wars sure are great if you want to expand Government power and taxation over your own citizenry!
- 8note 5y agoAlso if you want to build and maintain infrastructure and social services.
- 0x0nyandesu 5y agoGiven that I was born into this system with zero say in it what if I don't?
- yed 5y agoSure, but the claim is that crypto magically allows you to avoid all taxes. It doesn't. How much the government chooses to tax you is entirely unrelated.
- mellavora 5y agoYou know what is even better than wars? Government services. Like education, healthcare, roads & infra. Also some stuff of much more dubious value, like TSA and heavily militarized police