Taxing is good because it’s one of the ways to run a country, because without tax, how will the government provide money to run the country. But we can’t help but notice how the government are using it as another means of daylight robbery. The government use tax as a means to punish the citizen when they don’t agree with what they want to do. Crypto is a pure example that is giving an average citizens the freedom they have been fighting for and seeking for sometime now.
Lots of countries and their governments have had their different share and opinion about crypto and most of it is because of the lack of control they will have on their citizens, so the best way to punish their citizens from utilizing and using it is by taxing them. Because, most of us are investing because we want to make money from the crypto space, aside the fact that we believe in the blockchain, we also want to make money from it. So if you are being taxed 30% of your profit off crypto investment that will so unfair. Because when you are at loss, the government doesn’t share the loss with you, so why share the profit with you.
It’s very ironic because, the profit they are taxing you on is from an asset they claim to be a fake money and not a real money. At this point, it doesn’t make sense, because if it’s not a real money, why tax it? When they tax it and you give it to them, they spend it, after spending it, they still go around saying it’s still not a real money. We can see the case of India when they created a huge tax on their citizens crypto investment, another form of huge daylight robbery.
This is just another proof that the government believe crypto is money and only scared of the potentials and how much gingival freedom its giving the average citizens. When they are free and have means of conveying money and preserving value, without the government’s influence, that makes the government weak. Their power becomes powerless, because the influence of power is when they are people there for the power to be acted upon.
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