Post
Topic
Board Economics
Re: How will blockchain affect the taxing system?
by
mu_enrico
on 15/10/2018, 11:03:57 UTC
I do not think this is a productive discussion since we are talking about future and uncertainties, much like a discussion about VoIP when there are landlines everywhere. Why this, why that? Does not matter this is just hypothetical. Moreover, you are not open to the new idea. But the most important thing, this is getting off-topic. OP talk about double taxation (tax on inheritance) lol

Id cards with cryptographic signatures have been out for a decade, why add a blockchain, a token, another wallet when the solution is there, working and tested in a national election?
One most important reason is privacy. I would say with the carbon vote you would be able to vote anonymously.
Then until now, people were getting used to the idea of an equal vote (one person one vote), each person/vote carry the exact same strength. With the carbon vote, voting power determined by the balance (or anything you want in the smart contract).

It is not weird though, I reckon Obama also worried about the "Swiss offshore account in your pocket."

No idea what that has to do with the discussion so I'll pass

I live in eastern Europe
Feels weird man https://www.sciencedirect.com/science/article/pii/S0304405X17302362

I live in eastern Europe, and we're seriously lagging behind compared to the western part but even here, it takes two clicks to check on a company, or a person to see where he is hired and how much he makes and what taxes he has paid. And...no blockchain, simple databases.
In the database, we know about "garbage in, garbage out" the fact that you could check people's wealth easily is because they (average Joes) could not hide it. If they have Swiss offshore accounts in their pocket, the government need to rely more on self-assessment tax, which depends on honesty.