Interesting perspective from nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a regarding taxation in a “bitcoin world.” Progressives should consider that income tax the way it currently exists is not the only, and perhaps should not even be considered, in a more equitable and economically just world. Most wealthy citizens are able to avoid income taxes in many ways already. It’s time to consider the following:

“Income taxes within the current system rely on ubiquitous financial surveillance to be enforceable. If it becomes commonplace for people to send money peer-to-peer, including globally, and there are a large variety of privacy tools to make transactions hard to track, then it may become untenable for governments to tax incomes as their primary source of revenue. Taxes might have to revert more to how they were in the 19th century—when transactions were inherently more private—meaning that wealth taxes on real estate, excise taxes on select goods or ports of entry, sales taxes on physical establishments, income taxes on large and well-audited businesses, and fees for government services, would likely need to become the primary source of revenue. Administrative and tax overhead costs would likely be reduced, especially for individuals and business that don’t have a big physical footprint.”

- Broken Money, p.333

In this system, wealthy individuals and corporations would actually pay more of their fair share than our current system.