Sin taxes usually don't work in most occasions. Given that only a handful of the population drinks alcohol and go on in a binge-drinking session every day, this appeals negatively to those who only drink on the minimum since they are taxed higher than what they should be. On the passage about sugary drinks, I think it's also about time to increase it since a large demographic consumes an exorbitant amount of sugary drinks which leads to obesity. It can hit two birds in one stone which is entirely different on the taxes regarding alcoholic drinks since only a small portion of the population are into it. It works, but only at the right products.
Bitcoin could also function as a form of quasi welfare being that there is no minimum balance and this opens doors to unbanked and similar poor demographics having access to electronic payment despite not meeting banks minimum criteria.
True, but I don't think this gives access to the unbanked into the gates of e-Commerce considering that only a few merchants are brave enough to accept bitcoin as is. Moreso, bitcoin's volatility would scare the hell out of people who are trying to ease their lives by buying into bitcoin and making it their savings. Personally, one way or another people are still going to need banks in their lives and that's the harsh reality of today's society.
Should crypto be taxed @ exceedingly low rates due to it driving economic progress, creating value and providing critical utility to neglected demographics. All of which undoubtedly contributes towards ennobling man and benefiting society?
I doubt the governments would like that. If anything, they would be targeting crypto users for taxes and profit. Even traditional exports which greatly contribute to the economy are being taxed in an unacceptable fashion, why would we expect bitcoin and other crypto to be different?