Instead of taxing peeps so high, governments should create businesses and raise their own pot. Do whatever the fuck they want to do with that money. Instead, they choose to burden the masses. Rich don't pay taxes anyway and they can hire highly paid accountants and lawyers to save their asses.
But I am okay with the sweet spot you mentioned. At least 5-10% seem reasonable. Let them have that share and slowly reduce it to the lowest levels.
India is imposing a flat 30% on crypto gains and 1% TDS on each transaction. Insane 😂
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