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41
A new cryptocurrency reporting law went into effect that allows you to turn anyone into a felon : (twitter.com)
posted 2 years ago by IlhansBrother 2 years ago by IlhansBrother +41 / -0
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▲ 40 ▼
– Kaarous 40 points 2 years ago +40 / -0

All taxation is theft. This evidences that nicely.

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▲ 21 ▼
– Ahaus667 21 points 2 years ago +21 / -0

Taxation in the original form of sales and tariffs was acceptable as the purpose of government was to provide the security for said transactions and bartering was still tax free. Taxation without alternatives is theft at gunpoint.

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▲ 19 ▼
– Kaarous 19 points 2 years ago +19 / -0

Tariffs aren't taxation anyway. Sales taxes are.

The more salient point however, is if taxes are offered to fund the legitimate purview of a government or not. By far the vast majority are not.

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▲ 11 ▼
– Ahaus667 11 points 2 years ago +11 / -0

Tariffs are taxation in the sense someone ends up paying the government. Sales taxes were originally for the shipping and transport of goods between businesses while the business to consumer transactions were all bartering/ tax free. It’s inarguably true that taxation today is a means to suppress individual accumulation of wealth. It was one of the most pervasive government authoritarian policies and income tax was ruled unconstitutional originally.

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▲ 9 ▼
– Kaarous 9 points 2 years ago +9 / -0

Tariffs are an opportunity cost to hedge against the heedless import of foreign goods, since the main beneficiaries of that commerce are outside of the nation.

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▲ 8 ▼
– Ahaus667 8 points 2 years ago +8 / -0

And it still ends up with government funding, tariffs were the main source of government income for a good portion of American history

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▲ 8 ▼
– Kaarous 8 points 2 years ago +8 / -0

Which isn't especially relevant.

Taxation is extraction of wealth from your own population. This is self defeating because economics is subtractive. Even if it wasn't stealing from your own, it'd still be a bad idea.

Tariffs, and several other things in history besides(like the Roman habit of pillaging nearby countries), are extraction of wealth from foreigners.

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▲ 7 ▼
– Ahaus667 7 points 2 years ago +7 / -0

You forget that tariffs are paid by the consumer, not the producers.

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... continue reading thread?
▲ 2 ▼
– when_we_win_remember 2 points 2 years ago +2 / -0

It’s inarguably true that taxation today is a means to suppress individual accumulation of wealth.

Yes, so the government takes the money from regular people, and they introduce the money that they create right at the top of the financial pyramid. It is undoubtedly a way to keep regular people in their place while enriching elites.

I think what people don't get is the money flows upward. It is trickle up economics, and that's what you get from usury.

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▲ 10 ▼
– Hugs 10 points 2 years ago +10 / -0

I'd say it's worse, it's constructive armed robbery. You're coerced with the promise of force/incarceration if you don't get out your wallet.

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▲ 3 ▼
– deleted 3 points 2 years ago +3 / -0
▲ 20 ▼
– Kaarous 20 points 2 years ago +20 / -0

Only insomuch as there exists a "liberty" to kill or rape or steal anyway. Spoiler, there isn't.

Laws that are malum prohibitum usually do violate liberty. Laws that are malum in se most certainly do not, because there is no right to do evil.

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▲ 14 ▼
– Hugs 14 points 2 years ago +14 / -0

Incorrect. Name another law that compels action like taxation does. Taxation is unique in law.

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▲ 6 ▼
– WeedleTLiar 6 points 2 years ago +6 / -0

Correct.

Every law you obey translates directly to a reduction in personal liberty. This is the trade-off for rights, like property, that wouldn't exist without government.

For example, losing your freedom to murder in exchange for the right to not be murdered.

What is the right associated with taxation?

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▲ 28 ▼
– IlhansBrother [S] 28 points 2 years ago +28 / -0

This is the problem with trying to police wealth.

The value of these coins (if illiquid) can easily be inflated and unknown.

But the retards who run our country in congress didn’t think for one second…

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▲ 35 ▼
– deleted 35 points 2 years ago +35 / -0
▲ 33 ▼
– NatalieBiden 33 points 2 years ago +33 / -0

Banking lobbyists control congress by the balls.

Especially democrats like Elizabeth Warren. There is only one way she has a net worth of $50m off her $200k salary.

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▲ 26 ▼
– deleted 26 points 2 years ago +26 / -0
▲ 4 ▼
– RoulerBleu 4 points 2 years ago +4 / -0

High cheekbones energy.

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▲ 13 ▼
– Grumman 13 points 2 years ago +13 / -0

Jerry Brito is lying. He is citing an amended law that explicitly only applies to brokers, not the general public.

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▲ 9 ▼
– The_Shadow_of_Intent 9 points 2 years ago +9 / -0

Good news hopefully, but these laws are all bullshit

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▲ 8 ▼
– JustHereForTheSalmon 8 points 2 years ago +8 / -0

(Bonus: create recipient key, send coin to it, print key and physically mail to any lawmaker with wonderful news of the donation)

How cute, he thinks they'll be prosecuted.

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▲ 8 ▼
– ThreeLights 8 points 2 years ago +8 / -0

And this how they will arrest Trump. Some Fed probably dropped a few bit coins into his donation that has no way to track it back. Makes me think of what they did with Al Capone. Constant arrests until they got him on tax evasion because of his lawyer.

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▲ 6 ▼
– WeedleTLiar 6 points 2 years ago +6 / -0

Um, why?

Almost all coins, certainly the big ones, have publicly available records of who holds what and when.

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▲ 4 ▼
– NatalieBiden 4 points 2 years ago +4 / -0

The blockchains have a list of public keys.

The IRS now wants you to identify your public keys.

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▲ 9 ▼
– deleted 9 points 2 years ago +9 / -0
▲ 12 ▼
– acp_k2win 12 points 2 years ago +12 / -0

Gold, women, and sheep

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▲ 11 ▼
– Hugs 11 points 2 years ago +11 / -0

And CS2 gun skins.

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▲ 5 ▼
– MargarineMongoose 5 points 2 years ago +5 / -0

Hey, it's more substantial than what's currently backing the dollar.

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▲ 6 ▼
– DefinitelyNotIGN 6 points 2 years ago +6 / -0

Ass, gas, or grass.

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▲ 2 ▼
– realerfunction 2 points 2 years ago +2 / -0

counterparty risk

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