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A comment on The IRS Is Coming for Crypto Investors Who Haven’t Paid Their Taxes. Parent comment

Re:The IRS Is Coming for Crypto Investors Who Haven’t Paid T... by dnautics on Friday May 14, 2021 @04:15PM (#27159204)
yeah but most taxes don't change from year to year. Moreover, if your year zero advantage is "the point" then, why isn't biden announcing the tax changes in november and ramming them through?

> The point of a tax is to redistribute the money a government thinks should be redistributed to account for externalities in the market

That is not the point of a tax. The point of a tax is to raise revenue for government programs. That includes bombing children on the other side of the world, financing explorations to space, bailing out boeing and goldman sachs, etc. Nowhere in tax law does it say "redistribute to account for externalities in the market". Just because you dream something ought to be so, does not make it so, now or ever.

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Re:The IRS Is Coming for Crypto Investors Who Haven’t Paid T... by medvezhenok on Wednesday May 19, 2021 @04:21PM (#27213977)
Well, even more technically, the point of taxes (and QT) is to remove liquidity from the system when inflation gets overheated (since we can print money / have the FED monetize the deficit to pay for our spending if we need to).
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