RE: Will Cryptocurrency Alter The Need To Tax?
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Water taxes, land taxes, income taxes and sales taxes are thought to be used to support the government and develop the country. In fact, not everyone likes to pay taxes to the government. Cryptocurrency ownership is tax free. Unfortunately, the holding of cryptocurrency is banned in our country. This is a seven-year prison sentence.
!PIZZA !LOLZ
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It is sad to see countries take that approach. But it is part of the process it seems. We really need to keep this growing so all, including oppressive governments, cannot resist getting involved.
Plus we need to decentralized and add a privacy layer that enables participation by those who are under governments that wont play along.
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That is incredible, I could not imagine crytpo ownership being such a serious crime.
Imagine if they only gave out 6 years for murder.
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That thought did not even occur to me now I see the Sci-Fi flick of the summer of 2022 "Crypto Craze" 5 scrappy youngsters buck the system when they commit high treason by owning and dealing cryptocurrency.
I am being silly at this point, but there seems to be a fine line between government and tyranny.
That's awful. Countries choosing this path will have a lot to suffer from doing that.
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The government probably has banned crypto ownership because of this thought that owning and spending crypto is tax free. An economy that funds it's citizens and at the same time if said government is there to fund for roads, schools and healthcare (good governments), how then do they fund these if its citizens are participating in a system touted as being tax free.
The concept of crypto should be wealth creation, not tax evasion.
Wow. In what country is this happening?
Myanmar Old Burma
False this is happens in El Salvador Central América lady.
with nayib president.
here i am and i see it in first line.