Unrealized Capital Gains Tax - Bitcoin Fixes This.
Janet Yellen May Give US Bitcoin Investors Tax Shock - Market seems to be reacting negatively to this news - it's a non-event in the long-term. Dump your Bitcoin here & you simply risk losing your position; just before a major financial revolution. I won't lie, this news made me angry. If you understand the injustice of the current monetary system, this is just fuel to your fire - I use this blog to de-stress. This kind of news is just evidence they need more taxation from you to feed the massive debt bubble - they are simply rearranging the deck chairs on the Titanic. Inevitably it will sink (default) & cause a massive global cascade event. The entire financial system will one day soon be in complete peril overnight.
This isn't the average person's mess - it's the work of the political system. We are cows in a field, milked whenever the government needs money. We are nothing more than assets to them. Capital gains alone is extortion, taxing unrealized capital gains; that's extortion plus torture. Capital gains is first hand evidence you're a cow. They only care about your gains. If you keep losing, there's offsets sure - but no refunds. Taxing unrealized gains is so much worse. Say Bitcoin rockets to $350k over the next year (Likely), you don't sell but are forced to pay your unrealized gains; the market then tanks 50-80% over the next financial year - as if they're going to give you a refund. Say NO to this madness. These people are evil, they don't care about you. They care about keeping their lush lifestyles.
If they actually go ahead with this, there will be a lot of angry people. Stocks will crash as people front run the markets due to this tax rule. Citizens will likely flee effected countries, resulting in less tax revenue - complete opposite of what they're trying to achieve. For this reason, I think it's unlikely they'll actually go ahead with it. The markets are already so uncertain; they are already propped up with printed money at citizens expense. Every financial instrument tied to the fiat/dollar (besides Bitcoin) is on the precipice of collapse. Social unrest is at all time highs - they really don't want to mess with the public anymore.
In the midst of the chaos stands a passage of peace & prosperity - Bitcoin. It is a light amongst complete darkness & evil. The more the government tries to rob their citizens, the more control they try to exercise, more will seek refuge in Bitcoin. For this very reason, I think it's inevitable that Bitcoin will indirectly collapse government globally. All the hidden taxes dry up in a Bitcoin-economy. More people will adopt privacy techniques. More people will rebel against income taxation. Humans are smart & evolving, they will always take the path of least resistance. The one that benefits them the most.
A massive shakeout is coming - use these dips to your advantage. Only the weak hands will be wiped out. Whales pry on dumb money. As soon as the dumping weakens, the bulls return. It happens every. single. time. Zoom out, we've crashed to levels seen a month ago. The fundamentals of Bitcoin are growing by the day, ignore the media & the noise. Bitcoin on exchanges continues to fall - the supply continues to dry up. Read between the lines, always makes your own calls. These big dumps are generally the start of a new move to the upside (hodl tight).
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