Post
Topic
Board Economics
Re: How will blockchain affect the taxing system?
by
cintamoni
on 16/10/2018, 07:29:58 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?
When you send money you just pay little fee to block chain not giving any tax that's why we all love bitcoin and block chain technology its just a tax free plat form.