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Tax the rich or fall: French PM faces budget ultimatumwww.reuters.com/business/finance/tax-rich-or-fall-french-pm-faces-budget-ultimatum-2025-09-17/
61 sats \ 5 comments \ @spiderman 17 Sep bitcoin

As the French will have another taxing spree or revolution, to what extent is Bitcoin in self custodial cold wallet useful here to save you from wealth tax? Can kyc free bitcoin from robosats really be the answer here? Or at some point (when sold) the tax must be paid?

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0 sats \ 3 replies \ @Fenix 20 Sep

Kyc or free Kyc they can do nothing when you use Bitcoin. If you have Bitcoin and back to fiat you already failed. The problem there is the fiat mindset over fiat currency scam.

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0 sats \ 2 replies \ @spiderman OP 20 Sep

If the coins are acquired via methods that tie your on-chain address to your identity in a way the exchange or the government can see it, then it is part of your wealth, and they can send you the tax bill?

Like, if you have 15 whole Bitcoins and the government knows it, I am sure they will be smart enough to count it as your wealth and include it in your wealth tax?

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0 sats \ 1 reply \ @Fenix 20 Sep

Tax about what from whom? They care about fiat earnings, they can do nothing and will do nothing while you keep it in Bitcoin and spending in Bitcoin. Indeed, it’s your money not their, stop thinking like a slave.

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0 sats \ 0 replies \ @spiderman OP 20 Sep

I am not that rich, and thankfully I do not live in the European Union. But I need to clarify a few things

  • The article talks about wealth tax, not income tax. That means, taxing you for your net worth (to the extent you declare it or they can track it), not only for your income. So if you have a few Bitcoins sitting in a cold wallet, that obviously is part of your net worth, and on the tax season, their worth can be expressed in fiat Euros. Can they know it? That is where KYC comes in.
  • The question is not about Fiat mentality. They can tax in Bitcoin if they want, as in, accepting the tax in Bitcoin (some American state governments are going there), I doubt that makes the tax any more palatable to anyone.
  • I would love to not be a slave and say fuck you to any IRS agent showing up to arrest me, as an anarcho capitalist or something. But the question itself assumes a less radical base scenario. It presumes that even a wealthy entrepreneur does not have the capability to fight the raw power of the government (wielding guns and tax agents, threatening arrest and imprisonment), hence to what extent Bitcoin can be used to hide the net worth instead of open confrontation
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0 sats \ 0 replies \ @jaspervanderee 18 Sep

Even if you would tax all the companies in the country for the full 100%, it wouldn’t solve the debt. It’s all theatre.

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