Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Exactly, the higher the taxes, the more avoidance. Also, a wealth taxes is outright confiscation and is against everything free democratic societies stand for. I don't know where you live but I'm guessing there are not a lot of rich people there.
Welcome to The Netherlands 
It has it's benefits though: if your investment goes from almost nothing to a lot in a short amount of time, you barely pay any taxes on those gains.
If it's the other way around, you still pay taxes though.