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RE: How governments can benefit by imposing a range of taxes on cryptocurrency
Taxes are too high to begin with. Governments waste too much money. I'm against higher taxes on anything and everything.
Taxes are too high to begin with. Governments waste too much money. I'm against higher taxes on anything and everything.
The tax level in a society is a different question. That must be decided by representatives of the people.
The focus of this post is that governments start taxing the super-profits being made in crptocurrencies which should (in an ideal world) lead to lowering of other taxes.
Taxing and regulating cryptos will also boost their legitimacy and uptake, thereby increasing their price and attractiveness as investment.