Quote from: mjglqw on December 05, 2019, 03:55:03 PM

Quote from: GeorgeFeb on December 05, 2019, 03:50:51 PM

That's why all this decentralization and talks about Bitcoin changes anything are laughable, people have to stop paying taxes all together, then talk about decentralization!

I mean, bitcoin can be decentralized even with people paying their taxes. It's really not even connected in whatever way. Bitcoin is a currency for everyone, not only for specifically people that are sort of "anti-government" or anarchistic.

Quote from: GeorgeFeb on December 05, 2019, 03:50:51 PM

But smart people don't pay taxes anyways, hi there Tim Cuck!

No comment about this statement lol. You can look and feel smart for not paying taxes, well, until the IRS comes knocking on your door.

Indeed they may audit you, but you can easily hide funds as well in undeclared wallets. Merchants could do that too. I see taxation as an uphill battle for governments. Perhaps VAT is doable, but income tax is pretty much voluntary.

You can have two wallets, one declared, one hidden. Use the hidden one for your "foreign" activities, maybe freelancing, trading etc. That's the wallet where you make most of your money, the State unable to trace it back to you. From that wallet you can send small amount to your declared wallet, and pay little tax on that. You use the declared wallet to pay bills, buy food, etc.

The other thing that might work is luxury items tax. Ie. for owning large properties or expensive cars. Since those physical objects they can easily get access to, as long as those are within national borders.

But in the end all i see is a reduction on tax income, because the State does LOSE control, which is the point of Bitcoin and the very reason it came from a cyber anarchist circle in the first place.

Perhaps the solution to a Bitcoin based reality would be along the lines of more privatization and less taxation. Since the State can't reliably tax things anymore, better get rid of it entirely. Of course, people would then need to pay for security, roads, etc directly. It might even be more fair, if you own a car you pay a tax voluntarily, kinda like owning a tv in the UK means you pay a tax for it (So we foreigners could enjoy Monty Python and Doctor Who for free

)

(TL;DR) In short a form of anarcho-capitalism.