“Cryptocurrency brings new challenges to the table. The government can’t see the wealth of an individual, nor their inflow or outflow of funds, not with any amount of applied force.
I know a lot of individuals in government will react with normalcy bias to this statement and say “but we have to!”. It doesn’t matter if you have to. You can’t. Period.” http://falkvinge.net/2011/05/19/the-information-policy-case-for-flat-tax-and-basic-income/
Why I Want More People to Be Rich: “[...] I have never met a person in an ordinary walk of life who complained about society’s distribution of income. I’ve never heard a normal person say the world would be better off per se if Bill Gates and Warren Buffett earned less money. No waitress. No taxi driver. No deli operator. No one in the business world.
But there are a tiny, tiny number of people who do think that way. In fact, they are obsessed about it. If J.K. Rowling is a welfare mother, they would never think of calling her a leech on society who is not paying her own way. But if she writes Harry Potter books that give people pleasure and enables Hollywood to produce movies people enjoy and becomes one of the richest people in the world,…..well…..let’s just say there is a small cadre of folks who go through the emotional equivalent of the St. Vitus dance. They write as if Rowling (and others like her) have committed some great wrong. As if she has taken more than her share of “society’s income” and is somehow responsible for other people’s poverty. [...]
Just as I have a self-interest in seeing other people make more money, I also have a self-interest in how they are taxed”: http://healthblog.ncpa.org/more-people-to-be-rich
Dan sent me this video on double taxation to share with you: “The correct capital gains tax rate is zero because there should be no double taxation of income that is saved and invested. This is why all pro-growth tax reform plans, such as the flat tax and national sales tax, eliminate the capital gains tax. Unfortunately, the President wants to boost the official capital gains tax rate to 20 percent”:
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