The state wants to take taxes, if there is no tax, no state. It's completely logical, but we still have time to make complex moves and avoid tax.
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The state wants to take taxes, if there is no tax, no state. It's completely logical, but we still have time to make complex moves and avoid tax.
The taxation isn't the most bothering here, the problem is that governments have the habit of overcomplicating laws. 1. So average people won't see they pay 50%+ taxes(cause it's hidden) 2. With complex laws, it's easier to use loopholes for politicians + their friends. 3. It's easier to punish people cause it's near impossible to follow every law perfectly. That's why they come up with infinite numbers of different tax laws and procedures instead of super simple one where anyone can see the amount of tax paid.
Combine this with 0 knowledge people who want money but too lazy learning about the field they want to regulate. Or at least hire someone who understands it oooooooooor maybe simply listen to their citizens.
I think this is a move to scare off the common person. Over regulation is a way of protecting monopolies and the governments they support.
Hopefully anyone who understands cryptos can see how it benefits them and will give the state information that leaves them fucked and confused but leads them to believe they are still in control while in the crytpo world we are figuring bumps out to make smooth transitions for those who just have no idea... This is the change the world needs ✌🌎💚🌱
I agree with most of this but taxation (taking money from others under threat of violence) most definitely is the problem.
Yeah, but at first I would be happy with better laws to gradually progress towards a different system, less and less and then 0 tax. I doubt it would be possible in an instant. :/
Rich made laws, taxes are avoided with smart investment, reinvestment, and percentage does not play any important role.