> the tax has already been paid Not so. Inflation is yet another tax you'll be paying if you keep your money in a bank. Inflation is a huge thing for governmen

> the tax has already been paid Not so. Inflation is yet another tax you'll be paying if you keep your money in a bank. Inflation is a huge thing for governments. Without inflation, they'd be out of so many opportunities to finance various things and the fraudulent financial system governments run would be instantly exposed. Then you would also have to remember that if you keep your savings in Bitcoin, you can pay for other products and services with them directly. And taxes would be paid only by a company that at some point decides to convert Bitcoins to fiat. That is, if you are A then your bitcoins may be in a chain of payments A -> B -> C. Obviously A (you) paid taxes, C would also have to pay taxes when he converts them to fiat. But because B decides to spend bitcoins earned from you directly by purchasing things from C, taxes are not paid from that deal.