Re:Cryptocurrencies’ Carbon Footprint Underestimated
by nolantait on Tuesday October 05, 2021 @04:11PM
(#28764945)
It is a balancing weight because the states military power depends on a landed citizenry that is easily taxed. If you remove the easily taxed part you also remove the military power part. Not advocating a lawless return to strong man tribalism. But I don't follow the idea that changing the abilities of a government to easily enforce taxation means they will remain effective at enforcing through more expensive means.
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Re:Cryptocurrencies’ Carbon Footprint Underestimated
by zozbot234 on Tuesday October 05, 2021 @04:22PM
(#28765093)
Cryptocurrencies do not exactly make it harder to enforce taxes on a landed citizenry. The government is what enforces land property in the first place, and if you're late on your taxes they'll just put a tax lien on your land and ultimately stop enforcing your property rights on it.
Re:Cryptocurrencies’ Carbon Footprint Underestimated
by nolantait on Tuesday October 05, 2021 @05:42PM
(#28766017)
Assuming you can't also choose to move yourself and your assets to another country offering better terms. That's how the dynamics are changing. Peter Thiel and New Zealand are a small picture of the future to come. Countries will compete. How much of wealth is really tied up in land? If I can zap my wealth from one side of the world to another without anyone being able to stop me is it really easier to stop capital flight?
Re:Cryptocurrencies’ Carbon Footprint Underestimated
by zozbot234 on Tuesday October 05, 2021 @05:58PM
(#28766209)
> Assuming you can't also choose to move yourself and your assets to another country offering better terms.
Better terms are always very appealing, but the "terms" are about governance as a whole, not just paying taxes. That's what attracts assets from outside. Taxes are just a predictable cost of doing business, but bad governance can easily be a showstopper.