Crypto: The Good, the Bad and the Ugly

Re:Crypto: The Good, the Bad and the Ugly by yed on Thursday January 06, 2022 @02:49AM (#29820603)

Governments collected taxes on cash and non-fiat for millenia (and still do so), they will have no issues taxing crypto if they need to.

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Re:Crypto: The Good, the Bad and the Ugly by Reichhardt on Thursday January 06, 2022 @03:11AM (#29820739)

But at much lower rates. Taxes as a % of GDP didn't exceed 10% in the USA until WW1: https://upload.wikimedia.org/wikipedia/commons/3/37/Federal%...

You can see other spikes related to other wars. Wars sure are great if you want to expand Government power and taxation over your own citizenry!

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Re:Crypto: The Good, the Bad and the Ugly by mellavora on Thursday January 06, 2022 @05:20AM (#29821730)

You know what is even better than wars? Government services. Like education, healthcare, roads & infra.

Also some stuff of much more dubious value, like TSA and heavily militarized police

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Re:Crypto: The Good, the Bad and the Ugly by 8note on Thursday January 06, 2022 @04:42AM (#29821393)

Also if you want to build and maintain infrastructure and social services.

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Re:Crypto: The Good, the Bad and the Ugly by 0x0nyandesu on Thursday January 06, 2022 @05:04AM (#29821587)

Given that I was born into this system with zero say in it what if I don't?

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Re:Crypto: The Good, the Bad and the Ugly by yed on Saturday January 08, 2022 @01:18AM (#29849104)

Sure, but the claim is that crypto magically allows you to avoid all taxes. It doesn't. How much the government chooses to tax you is entirely unrelated.

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