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22 sats \ 0 replies \ @glix OP 11 May 2022 \ parent \ on: Ask HN: How do taxes work in a hyperbitcoinized world? bitcoin
Right, but the government bodies still need some sort of income to run the country. If not income, they tax something else. They tax your property, your business, they collect road tax from when you buy a car or when you pay at a toll to use the highway, etc. You can't really have a functional government if they don't have funds to to perform their jobs.