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How long before Elizabeth Warren's 1% wealth tax for Bitcoin holdings over $500k moves closer to 44%.

And if they are arresting people working on mixing solutions...is anyone truly coming up with a "how to" for out-of-country residency and how to minimize these types of punitive taxes? Preferably while playing within a legal framework that doesn't have us getting arrested for tax evasion when we come back to the US to visit family?

Because Bitcoiners are getting ready to have a heck of a lot of wealth - and much/all of it was purchased KYC (even if now in cold storage).

nobody 1y ago

It’s a hard decision for sure but ultimately American bitcoiners will have to flee and never come back. Think of it as dodging draft during the Vietnam war

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Discussion

BitcoinBadger 1y ago

Man - I have two adult daughters and 3 grandkids...I could pay to fly them to us, of course...hey, I'm saving 1% to 44.6% on taxes...but my wife will NEVER like that plan.

I told her that as an unvaccinated, non-compliant, active participant in 2nd Amendment rights #bitcoiner...I kind of put a target on our backs here.

And I love my country - and would love it more if we could tar and feather at least 2 of 3 of the branches of government, make a punitive example by arresting and prosecuting most of them - while throwing in the Fauci's, Pfizers and captured agencies - for everything from fraud, to money laundering, to war crimes...holding them liable for all injuries caused by big pharma (not just vaccines, either).

nobody 1y ago

I see three scenarios playing out:

1. Pay hefty taxes and continue with your life (freedom and wealth not guaranteed)

2. Flee and get a second passport

3. Destroy the private keys (Gulag time)

This is going to get ugly it seems