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RE: Taxes Explain the Value of Bitcoin! WHAT?!
This is definitely a very interesting article @volsci! I am interested in how we are going to be taxed in the future, as crypto becomes more prevalent in it's quest to take over fiat!
The part about the government spending before it taxes was interesting too! Is that how our government in America currently runs?
I am also interested to see how taxes are going to be handled in the future with cryptos. Although, the last thing I heard about the IRS, is that they're going to want you to report every single trade you've made in order to prove what you made or lost. Ungh.
This is exactly how government spending works in the United States. Each country varies a little bit in their flavor, but ultimately they all work the same way: government has to create the money before people can save it.
I'm in the process of making a series on this subject. You can check the first video out here if you're interested: