Post
Topic
Board Economics
Re: How will blockchain affect the taxing system?
by
geberger
on 15/10/2018, 07:47:39 UTC
The recent exposé about the Trump family finances shines a light on the ways in which the wealthiest Americans can avoid estate and gift taxes on the transfer of assets to their children.

https://www.nytimes.com/2018/10/11/opinion/trump-bezos-estate-tax.html?action=click&module=Opinion&pgtype=Homepage

"Like Donald Trump, many of the Forbes 400 acquired some or all of their wealth from their parents. These transfers of wealth pass entirely free of income taxes."

The measure of a well-functioning democracy is a tax system that fairly apportions its burdens.

Can blockchain and the inevitable virtual economy make the taxing system less disproportionate?
I think blockcahin won't affect nor they applied any tax in future. Since paying tax mean giving money to government and help to improve our country and economy. But block chain technology is different and don't have any relation with government policy.