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There is essentially zero reason why government should ask you to declare assets that you own. Taxes should be on income or consumption, not passive savings. Doing otherwise is just an invasion of privacy, and economically distorting.
106 sats \ 1 reply \ @clr 28 Dec 2023
Not even on income. That's also an invasion of privacy, especially if income comes from abroad or from cyberspace. Income tax is a relic from the industrial era, where big businesses could be easily forced to "withhold" wages from the employees. Taxes on consumption from physical places will unfortunately still happen because it's easy to force physical businesses to pay.
But it's ironic than an "ancap" is doing this. LOL.
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But it's ironic than an "ancap" is doing this. LOL.
Woods' Law: No matter who you vote for, you get John McCain.
I didn't realize it applied internationally.
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Agree this is a huge red flag from the "libertarian" president elect.
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