15 sats \ 0 replies \ @CruncherDefi 12 Mar \ parent \ on: Biden's 2025 tax plan calls for 30% tax on cryptocurrency miners. bitcoin
and besides, everyone will become a nominal "billionaire" in the next couple of decades.
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:
  1. 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.
  1. 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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