Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

Because the electricity, roads, laws and communications which support your monopoly money currency need to be funded.

If you want to go make a million dollars, more power to you, but you also need to pay your fair share like everyone else.



What is seen as fair is a very subjective question. I would prefer not calling it "fair share" because taxation is very complex and depends hugely on how good you are at gaming the system.


What's the capital gains tax in the US? I seem to distinctly remember it's far lower than a bricklayer's income tax. So, arguably, taxes on bitcoin speculation are not a "fair share" only in the sense that it's still too low.


CGT is very high in the USA compared to the UK and the rest of the EU - which discourages investment as opposed to buying safe T Bills or Guilts


I think it's fair to say that many people lose perspective when it comes to their wallets.


Paraphrasing Upton Sinclair: It's difficult to get a man to understand something when his portfolio value depends on his not understanding it




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: