Great, but I am not arguing if we shld be tax or not or how to it is done.
I am interested in knowing if the fact that bitcoin tax is being impose lend weight to bitcoin as legitimate currency for you or not.
I'm sure there are some people questioning/ridicule your bitcoin 'investments' but will this stop if they know taxes are actually being paid for it? This should also affect the see-saw btc price level.
I know, no one like taxes.
The truth is this - the taxes you pay represent no value.
You pay for food, clothes, cable tv without complaining because you feel that there is value in what you pay for.
All the state has to do is stop wasting our money and offer some value. People would then pay happily.
The governments power stems entirely from money - the only way we can force them to change is by denying them the revenue.
By paying tax on Bitcoins the current situation would only get worse.
When in history have governments reduced taxation? If there is any money left over they just spend it and then increase taxes the following year.
Fast forward 20 years and we will be paying 80% tax unless something is done.
Think of it like this - how much have you personally contributed to the war in Iraq that was based on a total lie (Weapons of mass destruction) a million people were killed because of that lie. It is no different to paying a hit man you were complicit in the murder of those people by providing the revenue for the weapons and army personnel.