/biz/ - Business & Finance

So if they're going to tax the ever living fuck out of people for trading one crypto for another or for cashing out, what does that mean when someone tries to pay for goods with bitcoin for instance? If I buy a sandwich from Subway using bitcoin, they gonna slap Subway with a fucking capital gains tax? I mean this shit would almost certainly cripple the ability for any crypto to be used as a currency.

>>4999358
Any coin on Coinbase is destined to just keep going up over the years, it's the normie welcome mat to crypto currency. Anyone who believes the big 3 are going down over the long term is a fucking moron.

How much of the economy depends on consumerism? As in, what would happen if people suddenly started buying much less of what they didn't need? I don't mean we go back to the 1800s-throw-nothing-away-bricolage-making type of society, but what would happen if people kept their phones for five years instead of two, drove their cars until they stopped running, and only bought what they needed (in the sense of not buying what you have plenty of)?

Mainly wondering as far as unemployment and salary (relative to cost of living) is concerned.