Post
Topic
Board Press
Re: [2018-02-10] Japanese Crypto Investors To Pay Tax Of Up To 55 Percent On Profits
by
Samarkand
on 18/02/2018, 13:49:00 UTC
...
Of course! And can you really blame people for doing it? If you had a friend that agreed to help you move things around and you threw him a 20kg bag, he'd most likely take it and come back for another one. If the bag was 40kg he'd complain about it being heavy but still keep going. If you asked him to carry 60 kg he'd be like hell no! I don't want to hurt myself! Taxes are a burden that should be made as light and easy to carry, so that people won't have the reason to complain and avoid them. Japan is overdoing it same as those countries that are imposing extremely high taxes on the rich, like France.

Great analogy, I will use this one for sure in future discussions (I´m out of sMerits currently, but I
hope that someone else will merit you for this beautiful analogy).

Another aphorism with regard to taxation that I really like:
"If stealing 100% of the working power of someone is called slavery...
at what percentage does it stop being slavery?".

Regarding the actual topic I think that these high-tax countries like Japan and France
are simply choking the growth of their economy. There is a reason why businesses thrive
in a low-tax environment and businesses relocate from high-tax countries all the time.