EFF to FinCEN: Stop Pushing for More Financial Surveillance

Re:EFF to FinCEN: Stop Pushing for More Financial Surveillance by throwaway0a5e on Tuesday January 05, 2021 @07:48AM (#25644953)

I think you have the causation backward. The poorer the country the less of a cut the government can take without bringing everything crashing down. These places are low tax because they cannot afford to be high tax.

If you look at local taxes and fees between US cities the same pattern emerges.

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Re:EFF to FinCEN: Stop Pushing for More Financial Surveillance by ajkdhcb2 on Tuesday January 05, 2021 @08:18AM (#25645166)

I think this is exactly right. Low tax jurisdictions are also often desperate to attract business. Mobile people are willing to pay high tax only when they get something else like stability and high quality of life

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Re:EFF to FinCEN: Stop Pushing for More Financial Surveillance by AshWolfy on Tuesday January 05, 2021 @11:11AM (#25646957)

The US is wealthy, has lower taxes, and lower happiness than similar countries

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