Crypto tax evasion is 'pervasive'
1–10 of 80 posts
Re: Crypto tax evasion is 'pervasive'
#2Isn't that by design? Many/most crypto schemes are designed to democratize access to money and thus they disintermediate traditional players (banks, central banks, etc.). Of course governments and tax authorities are one such traditional player, so they will be disintermediated. The government calls it "tax evasion", while the crypto world calls it a feature.
Re: Crypto tax evasion is 'pervasive'
#3Re: Crypto tax evasion is 'pervasive'
#4I think this is unsurpring given that the crypto userbase seems to consist mostly of speculators and criminals.
Re: Crypto tax evasion is 'pervasive'
#5Isn't that by design? Many/most crypto schemes are designed to democratize access to money and thus they disintermediate traditional players (banks, central banks, etc.). Of course governments and tax authorities are one such traditional player, so they will be disintermediated. The government calls it "tax evasion", while the crypto world calls it a feature.
> Of course governments and tax authorities are one such traditional player, so they will be disintermediated. The government calls it "tax evasion", while the crypto world calls it a feature.
Where do these people think tax revenue goes? Into a big black hole? The money goes to pay for the justice system (which protects property rights, prevents people from killing each other), build and maintain infrastructure of all kinds (roads, bridges, mass transit, sewage systems, water treatment facilities), education, etc.
Without the government we'd be much, much worse off.
Re: Crypto tax evasion is 'pervasive'
#6Isn't that by design? Many/most crypto schemes are designed to democratize access to money and thus they disintermediate traditional players (banks, central banks, etc.). Of course governments and tax authorities are one such traditional player, so they will be disintermediated. The government calls it "tax evasion", while the crypto world calls it a feature.
> democratize access to money
Is that the latest euphemism? Tell me, where can I get the money? A lot of it, please.
Re: Crypto tax evasion is 'pervasive'
#7And here I am being a fool paying quarterly estimated taxes on my staking income and capital gains.
Re: Crypto tax evasion is 'pervasive'
#8Isn't that by design? Many/most crypto schemes are designed to democratize access to money and thus they disintermediate traditional players (banks, central banks, etc.). Of course governments and tax authorities are one such traditional player, so they will be disintermediated. The government calls it "tax evasion", while the crypto world calls it a feature.
> democratize access to money Is that the latest euphemism? Tell me, where can I get the money? A lot of it, please.
The Communists of the 20th century should have used it in their sales pitch. After all, redistribution is all about democratizing access to money, capital, and land.
Re: Crypto tax evasion is 'pervasive'
#9Isn't that by design? Many/most crypto schemes are designed to democratize access to money and thus they disintermediate traditional players (banks, central banks, etc.). Of course governments and tax authorities are one such traditional player, so they will be disintermediated. The government calls it "tax evasion", while the crypto world calls it a feature.
> democratize access to money Is that the latest euphemism? Tell me, where can I get the money? A lot of it, please.
Start mining.
Re: Crypto tax evasion is 'pervasive'
#10I think this is unsurpring given that the crypto userbase seems to consist mostly of speculators and criminals.
There's also a group that's against the Federal Reserve, but that belief system tends to be congruent with the "taxation is theft" group