I think tax is one of the best ways to improve a country's growth. If it is gone about the right way and it is believed to be fair, a lot of the citizens wouldn't think too much about it. But then when it's starts becoming outrageous and overbearing, everyone would certainly want to evade it. They'll surely be fear, when you realize that the more you earn, the more taxes they get from you, it just becomes tiresome.
For the cryptosphere, taxing wouldn't be a bad thing if its gone about the right way. But then I feel it'll give government Access to people's earnings. If you have no idea what an individual earns you'll certainly not know the percentage of tax to ask from him, I dunno if I'm getting it right though. It'll become all worrisome and a lot of people wouldn't really be comfortable with crypto transactions anymore. I think there's always a wise way to do things, I hope they find it out and implement it.
Glad I stumbled on this post ❤️✅
THis is the issue, isn't it? I think even if all government activity was fully transparent and publicly auditable (at least from the financial perspective), it would improve things - but no government will agree to that - even though they are employed directly by the people they hide the information from. Funny, eh?
If you think about how AMMs and yields work, it is all based on smart contracts - why can't tax be the same?