...that haven't been realized yet. As you draw on your reserves, you'll be forced to realize those gains and pay taxes on them, making this a non-issue.
>willingly "unemployed" in your productive years to "enjoy life" and "freedom"
Ah yes, because the goal of life isn't to enjoy it, it's to be as productive as possible! Freedom is overrated anyways!
>as the crypto miners trying to avoid taxes.
Are miners known to be tax dodgers or something?
>but if everyone just retired early or sat at home mining coins, where will society end up?
"retired early": there would be an imbalance of labor demand compared to supply. This will cause prices to go up, which will make it less attractive to stay "retired" and more attractive to start working again.
"sat at home mining": same thing that would happen if everyone decided to gold mine. eventually there would be a saturation of miners and it won't be profitable anymore, causing people to exit.
You might be able to take out small amounts strategically to avoid the 40k threshold.
I may be mistaken, but isn't FIRE telling people to live off 4% of their investments forever? If the goal is 1 million, that is exactly 40k.
The math works out perfectly to leech on society - and (this is just a hypothesis) possibly causing S&P 500 ETFs to inflate as these FIRE "retirees" promote their methods online, creating a feedback loop and illusion of ever-increasing stock market boom for the last 10 years
Contrary to popular belief, taxes are supposed to benefit society (at least that is the intent & purpose). I agree this is not the case for corrupt countries, but if everyone just retired early or sat at home mining coins, where will society end up?
https://beunsettled.co/blog/is-the-fire-movement-really-the-...