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> Where's the tax dollars to pay for this? You're kidding right? The US government is one of the biggest holder of Bitcoin. They seized insane amount of Bitcoi
by TacticalCoder 3y ago
> Where's the tax dollars to pay for this?
You're kidding right? The US government is one of the biggest holder of Bitcoin. They seized insane amount of Bitcoins. And the US is a country where capital gains are taxed. The US government is making a shitload of money when cryptocurrencies go up.
You cannot have it both ways: if you tax your citizens on their capital gains made on crypto, then you prosecute the scammers like SBF when they prey on US citizens.
- growse 3y agoI don't disagree, but you're arguing that the government gives a greater share of its tax receipts to the SEC. This is a question for Congress, not the agency. The usual assertion of "let's spend more money on x" results in the obvious question "instead of what?". OP was suggesting that the SEC ramp up the rate of actions, which will need funding (at least, initially). I don't see Congress doing that?
- gbear605 3y agoThe SEC is largely self-funded by fees on banks, no need for tax dollars.
- ensignavenger 3y agoA government mandated fee is an excise tax, they are essentially the same thing.