257 sats \ 3 replies \ @satoshiplanet 3 Feb \ on: Future of work via Bitcoin ❓ bitcoin
Pseudonyms instead of names and no delays in salary payments are always good news. I have a theory, international payments out of sight of govs and banks will make tax payments not mandatory but optional, bringing certain advantages in accessing some services depending on your annual contribution. Another interesting point that comes to my mind is about the millions of unbanked people starting to join a global labor market. Yep. I think I have more questions than answers, but the scenario is both exciting and imminent
With your response, I'm reminded of a few quotes from The Sovereign Individual:
Global competition will also tend to increase the income earned by the most talented individuals in each field, wherever they live, much as it does now in professional athletes.
This means that you will no longer be obliged to live in a high-tax jurisdiction in order to earn high income. In the future, when most wealth can be earned anywhere, and even spent anywhere.
Taxing capacity will plunge by 50 to 70 percent. This will tend to make smaller jurisdictions more successful. Within years, let alone decades, it will be widely understood that anyone of talent could accumulate a much higher net worth and enjoy a better life by abandoning high-tax nation states.
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Wow this really makes me better understand my own feelings and thoughts, thanks for sharing mate
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No worries. Must confess I pulled them from someone else's summary of the book here on SN. Probably won't be the last time I do that, but it's one of my favourite bookmarks.
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