related posts
112 sats \ 1 reply \ @Dash_1971 12 Mar
Miners leaving the US would be good for Bitcoin. Far more concerning is this:
Tax long-term capital gains and qualified dividends at ordinary income tax rates for taxable income above $1 million and tax unrealized capital gains at death above a $5 million exemption ($10 million for joint filers)
Create a 25 percent “billionaire minimum tax” to tax unrealized capital gains of high-net-worth taxpayers
This is how they seize your corn, freaks.
This is how it starts, and besides, everyone will become a nominal "billionaire" in the next couple of decades.
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15 sats \ 0 replies \ @CruncherDefi 12 Mar
Yeah, this is really efficient and evil trick of FIAT-world politicians. Basically you can push different policy disguised as something else if you are patient. And I see it everywhere.
Examples:
- We are going to give all families (or some other groups I target) 1000$ every month forever!
Its not forever, inflation relatively quickly will make it effectively 0. So they don't need to worry about long-term costs of such "forever" handout laws.
- We only want to monitor relatively large cash transaction of over 1000 Euro.
"Over 1000 Euro" will eventually contain all everyday transactions if we wait long enough for inflation to catch up. So you effectively push "Monitor all cash transactions" law if you are patient.
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10 sats \ 1 reply \ @doubleplusgood23 OP 12 Mar
Wording from the document:
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0 sats \ 0 replies \ @OriginalSize 12 Mar
A purely punitive move when they'll soon be printing 10 tril a year.
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0 sats \ 0 replies \ @Bell_curve 11 Apr
One reason no one should vote for Biden
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0 sats \ 0 replies \ @elvismercury 12 Mar
It's the "unrealized gains" part of recent proposals (not just wrt crypto) that seems the most insidious. Like, at any point, they can essentially demand to take your assets.
It's also notable how they slice and dice the cap amounts, trying to avoid hitting the arteries of their constituencies. How can we twiddle the knobs so that only the people we don't like get whacked? But that process is eternal, I suppose.
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0 sats \ 0 replies \ @gd 12 Mar
I'd be very happy to see miners forced out of the USA
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0 sats \ 0 replies \ @DarthCoin 12 Mar
Here, I save you time and money.
https://www.losthorizons.com/BulletinBoard.htm
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0 sats \ 0 replies \ @quark 12 Mar
Between this and the halving, some miners are going to be in trouble to be profitable. One should expect the hashrate to go down temporarily. They may have to move to other countries. This could also be good for those miners that generate their electricity from renewable sources because they don't have this 30% tax, making Bitcoin even better.
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0 sats \ 0 replies \ @kenn_b 12 Mar
30% is pure theft
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0 sats \ 0 replies \ @harrr 12 Mar
Then they fight you.
Anyway, I'm ready to emigrate if the state wants to steal my bitcoin and impose a CBDC.
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0 sats \ 0 replies \ @Coinsreporter 12 Mar
30% tax on digital assets. Wow! FYI, this is coming straight from India. Before 1 year, Indian gov. applied a 30% tax to supress the whole narrative of decentralization. They aren't successful and we should take a collective oath not to submit to their wishes.
Get ready they will be coming with sharp daggers and you need to be ready with your hardest shield.
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0 sats \ 0 replies \ @SaToSHiWoMaN 12 Mar outlawed
stackers have outlawed this. turn on wild west mode in your /settings to see outlawed content.
0 sats \ 0 replies \ @SaToSHiWoMaN 12 Mar outlawed
stackers have outlawed this. turn on wild west mode in your /settings to see outlawed content.