Rees-Mogg has just joined the dots on something important, two stories with the same root cause.
The first is the ban on Coinbase crypto adverts. This is not about protecting consumers, it is about protecting the state’s monopoly on money. Fiat currency is the quiet tax machine, every currency in history has eventually gone to zero, and the pound, dollar and euro are well on the way. Crypto threatens that revenue stream, so it gets censored.
The second is the growing rumour of an October exit tax. Lord Ashcroft says wealthy people are already moving their money abroad now. Reeves could tax unrealised gains simply for leaving the country. The United States did this in the nineties and it worked, people left before the hammer fell.
The Sovereign Individual predicted this decades ago. Technology shifts power to the individual, governments panic, they reach for censorship, control, and financial traps.
The top earners already carry a huge share of the tax burden and many have gone. Every new tax grab accelerates the exodus. The signal here is clear, the government is not confident about the future and is trying to lock the doors before people wake up.
What are your thoughts 💭
