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RE: Excessive Taxation of Cryptocurrencies
I am really growing a hate for governments and how they fuck us instead of protect us and help make our lives better. Sadly the bulk of what we pay ends up going to people who won't work one day for it.
There are very different kinds of governments. One thing they all have in common is that they are overwhelmingly powerful with respect to an individual. Governments are bureaucratic because they're large organizations and because it's vital that they be run according to clear rules. The disaster that the regulation and taxation of cryptocurrencies is is caused by a lack of rules than make sense. I could live with the old system where you pay capital gains tax when you cash out to fiat just fine.
Governments can't kill crypto. Suppose the US and the EU outlawed it or otherwise made life for crypto owners very difficult. There'd be plenty of countries left that would embrace it and reap all the benefits while some would weaponize it against those who banned it.