/biz/ - Business & Finance

[Anonymous No.24484890]

so, after biden is done printing US passports to all of the 3rd world, and a chavez tier communist is elected as president, how will the government prove that you have bitcoins after which you have to pay hefty wealth taxes?
i can easily see how they can prove the ownership of any other asset class, but not for crypto.
if you really need to you can remember your 12-word seed and erase every material evidence of you still holding on to this wealth.

how will the government circumvent this and tax wealth held in bitcons as well?

[Anonymous No.24484985]

>>24484890
go boating

[Anonymous No.24485005]

Wtf is that retarded communist trying to say? Neither of his points give an accurate comparison to each other. And this guy has been in politics 47 years...The US government pulls in trillions a year in tax. Maybe they should learn to spend it better rather than ask for more. Society is so fucking cucked.

[Anonymous No.24485006]

they can't do shit about it hence why we're betting on it being adopted globally so the people control their currency.

[Anonymous No.24485087]

>>24485005
The government is the worst allocator of capital.

[Anonymous No.24485203]

>implement wealth tax
>all the wealth leaves the country
dumbass boomer

[Anonymous No.24485414]

>>24484890
>>24485203
By creating a one way street.
Paypal for example will let you "cash out" only in cash. Not withdraw the actual crypto.

The American plan is to make everyone a legal citizen so they can tax the everloving shit out of them till they die.

[Anonymous No.24485429]

>>24484985
boating is dangerous though, this unfortunate man amassed a huge fortune from dealing weed and the authorities couldn't confiscate his bitcoins because he was storing the private keys with his fishing rods which were lost.

what would you do if you lost all your wealth because your fishing rods got disposed of? fortunately he's a very strong character and is already over it

>Collins told gardaí he has had time to come to terms with the loss of the money and regarded it as punishment for his own stupidity.

but not many people could take it so lightly. poor dude. and the state is also poorer because they can't auction away those illicitly acquired bitcoins. huge loss for everyone. don't go boating.

https://www.irishtimes.com/news/crime-and-law/drug-dealer-loses-codes-for-53-6m-bitcoin-accounts-1.4180182

[Anonymous No.24485666]

>>24484890
What Bernie and the whining Left doesn't understands, is that a nice chunk of productivity gains are coming out of Automation , and AI related use. And it's not just unskilled workers, the professional class is feeling it too, before the decade is out, AGI will be here, and "Labour" will no longer be economically viable, anything and everything a human can do, a AI can do better , faster and cheaper.

[Anonymous No.24485685]

>>24485429
his wealth was worth over $100m. for comparison, if he stored it in gold, it'd have taken 2247 pieces of 1,000 gram bullions (over 4950 pounds)
would his landlord disposed of them so easily with his fishing rods?? gold is clearly the better option as a store of wealth.

[Anonymous No.24485703]

STOP SHIPPING ALL THE JOBS AWAY THEN YOU CRONY JEWISH FUCKS