A 30% tax on mining in the US would mean all mining leaves the US. That would effectively ban Bitcoin mining without saying that you're banning Bitcoin mining. It would be a huge geopolitical mistake to do so and would hinder US energy innovation.
Discussion
30% tax on electricity powering freedom, the state is proposing slavery
#[0]
this is the point of course
Exactly.
It would be a revenue loss for the Government and would have 0 impact on the Bitcoin network itself. Basically, the mere suggestion of such a tax hike is absurd.
Charge more to get nothing isn't a good plan to bring in that revenue. A tax reduction on the other hand might bring more commercial miners to the US. But hey, what do I know.
If your objectiveiss maintaining the money printing monopoly, not the economically sound government budgets, then the policy makes sense.
We’re in the, “then they fight you” stage
this is precisely what would happen. thought the same earlier when the topic came up on the show.
It would mean ordering blackouts for Texas, and/or significantly higher electricity prices.