Cryptocurrency: Laughs at Wealth Taxes, Unrealized Gains Taxes, Govt Deficits

[Karl]

On Tue, Nov 2, 2021, 2:06 AM grarpamp <grarpamp at gmail.com> wrote:

> > Joe Biden's "Eat The Rich" Coming To Bite You
>
> "
>     First, these taxes will not stay on the super-rich, they will
> morph into a system that works its way downward to the
> upper-middle-class.
>     Second, the super-rich will avoid such a tax like the plague and
> shape any legislation to avoid affecting them. The super-rich employs
> an army of pencil pushers and experts with only one intention and that
> is to exploit loopholes in the tax code.
> "
>
> If you think these entirely new forms of taxation will only
> apply to even just the middle, you are not thinking
> at all, nor have you read history which proves the
> path of all such governments and kings... it is to steal
> from everyone they can, and do with it as they please,
> which has again in history, never been your best interests.
>

Sure that happens eventually, but is it legally possible with _this
legislation_?

Small bites eat away at stuff.

Sure, governments hurt people, but if the wealthiest people even _lend_
their money instead of e.g. stockpiling it in elephant tusks, it spreads
the power out more.

The things you say make it look like this law is a good idea.  I haven't
learned of it via any other channels.

Support this law you look like you're being forced to pretend to badmouth
that is obviously good for all political viewpoints, and tell me what laws
I wouldn't usually support that I should be, so we can work together.

---

Anyway, if you buy cryptocurrency you can use monero to hide from wealth
taxes.  Most nations don't have a formal wealth tax, but contrariwise most
wealthy people do get robbed in some way or at some point or another, when
their wealth is visible.

>
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