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How To Fix Bitcoin
- csense 13y agoFor a very long time in the US, the only things that were taxed were physical, tangible things like physical merchandise or real estate. Physical things are a lot easier to track than abstract numberical quantities in various accounts (which is what "income" or "capital gains" really are). The income tax was really a temporary measure to pay for World War I. (Spoiler: It wasn't temporary.) If Bitcoin will make accounts anonymous and untaxable, what's wrong with going back to a tax on physical things?
- maxerickson 13y agoThe 16th amendment was ratified before WWI began, also four years before the U.S. entered the war.
- ixobelle 13y agoStupid article is stupid. You know what else I can't trace the prior owner's identity of? Every piece of cash I touch.