This gets more interesting when we consider the antipathy that the Republicans in Congress have for the IRS. Never mind that the GOP passed the bill that proposed what is affectionately known as "The 16th Amendment" as a ruse to bait the Democrats and paint them as the "soak the rich" party. They admit in hindsight that their joke went too far.
For decades, the GOP has been doing everything they can to cut funding to the IRS and limit their abilities. I'm sure that some secret letter or other administrative decision by the IRS, issued in the dead of night, will make it easy for the wealthy entrenched interests to profit from crypto without reporting their gains. It's really an information game.
In the long run, it's really up to the next generation of voters to decide what public policy is. And that next generation, the Millennials, often the target of insults and criticism by previous generations, are 83 million strong. Many of the cryptocurrencies that are in circulation now are the electronic progeny of Millennials. They will be setting public policy in the not too distant future. They're doing it already in Asia. We can't be that far behind.
I think we desperately need to get away from the two party system and I hope to see that happen. A lot of US citizens are actually more libertarian than democrat or republican, they just don't realize it. But yes it is funny (not in a haha kind of way) that the republicans hold the power right now yet the tax code still gets more complicated for the little guy and benefits the wealthy. Sure maybe we'll pay a tiny bit less in taxes but every year they make it more complicated to file.
I hope you're right that the millenial generation makes things right with their votes eventually. And yes you're right millenials do get a bad rap. I fall right between the millenial generation and Gen X as I was born at the end of 1979. I think there's some new term for that year and the couple of years before and after but I can't recall...
I think if you're between them, you're a "tweener". :) Since you're much closer to the millennials than I am, you seem to have a better feel for them. I'm a Boomer, but I'm right on the edge, so not so sure of my demographic.
I am with you on a move away from a two party system. I'm hopelessly non-partisan, so I just go with the policies, not the identities. I am hopeful the millennials will see the folly of the two-party system and replace it with something much better.