It’s why they added 10,000 IRS agents.
Discussion
True. It’s harder to go after nyms who maintain privacy best practices, though.
Bitcoin and lightning make the IRS’s job much more difficult.
Yep. This book is an amazing resource too:
https://www.amazon.com/Extreme-Privacy-What-Takes-Disappear/dp/B09W78GW2T
Looks interesting
Nearly impossible, let’s be honest, they never were all that good at their professed aims to begin with. It’s been a tax incentivized pin the tail on the donkey system since inception. Ultimately working consumers pay all the income tax, and that’s a fine state of affairs for our corporate and elitist wealthy overlords.
True. But I think the goal (as with most government enforcement) is to publicly punish a few in order to scare the many into compliance.
Yes. However, that pushes the most productive citizens to more favorable jurisdictions, such as El Salvador
I do hope it becomes a better place to live. Historically it’s been a dangerous place to be for relatively wealthy white people. Specifically kidnappings and ransoms, legal system corruption.
Everything I’ve read recently says it has. Something like 96% reduction in crime.
Yep, the number of murders dropped by 50% just in 2022
That’s amazing. The long game is having multiple cases of success like this forcing and exodus from countries that are not bitcoin friendly until they are forced to change policy to bring back the productive members who have left. Similar to the plot of Atlas Shrugged.
It’s amazing what a reduction in scarcity will do to increase positive human behavior.
The way to control government is to starve them out, stop paying them whenever you can, but it can’t just be a few. It has to be an agenda adopted by the masses. Don’t report cash fiat income, pay for goods and services with anything before a card of any kind. Literally fly below the financial radar. Start a profitless business and write off all fiat mining reported income. Start a new one every three years.