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0 sats \ 7 replies \ @Solomonsatoshi 9 Dec \ parent \ on: Why people are cheering up for El Salvador BTC reserve ? bitcoin
Not true. China charges extremely low taxes because it operates some large businesses.
Another advantage of the mixed economy model.
Aside from that a responsible government should fund itself entirely from taxes and not become owned by parasitic Jewish bankers - otherwise our great democracies end up tragically compromised and even less capable of competing with Chinas increasingly dominant and productive mixed economy.
A deficit is a deficit. The regime issues debt to cover expenses. The expenses are larger than the tax revenue. It's the same model as the US. The government spends more than it earns from taxes by issuing debt and currency.
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Fiat debt slavery is operated by the Jewish bankers to keep us and our governments beholden to their rentseeking usury.
Bitcoin may free us from this tyranny.
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Bitcoin may free us from this tyranny.
It did. It's only illegal for civilians in North Korea and the mainland. Everyone else is free to use Bitcoin.
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Citizens MoE use of Bitcoin is banned in most autocracies.
In nearly all the 'liberal democracies' MoE use requires tax event recording and calculations so burdensome as to make lawful consumer level use impracticable.
You are deluded if you think Bitcoin use is not massively obstructed by the fiat debt slavery bankers cartel.
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It's a hell of a lot easier to get on a Bitcoin standard when it's legal but taxed, compared to when it's outright illegal.
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You record and calculate every use of bitcoin for CGT purposes?
Yes or no?
You might be the only one on SNs doing so.
When it is outright banned some will still ignore the law.
Either way lawful use of Bitcoin as a MoE is impracticable almost everywhere.
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You record and calculate every use of bitcoin for CGT purposes? Yes or no?
Yes.
When it is outright banned some will still ignore the law.
It only gets banned or taxed whenever socialists and communists such as yourself obtain political power, as they did on the mainland.
Either way lawful use of Bitcoin as a MoE is impracticable almost everywhere.
Cope. We have restaurants and bars in the US that accept Bitcoin. It works fine. You're distracting from the fact that all of the communists' "good governance" effectively means that civilians aren't allowed to possess real money.
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