Hi SatsMate Crew,
In the coming decades, we are going to see more and more countries try to implement tax measures against people who hold bitcoin.
Our country and many countries around the world rely on deficit spending to provide goods and services to citizens within their respective country. If the government can't print bitcoin, and bitcoin is the new monetary base layer what are they going to do?
I look at this similar to housing in the United States. Many of us can be "homeowners", but the reality of the situation is you are renting from the government as you are paying yearly property taxes.
While I don't want this situation to come true, I think it warrants a discussion and some pondering. In todays podcast I go over:
- Authoritarians/Socialists around the world want to clamp down on Bitcoiners
- Many saw something that most normies and bureacrats never saw
- In Australia, there are proposals to introduce a 30% tax on unrealized gains
- The start of more measures, even a 1% tax on unrealized gains is too far
- With these controls, people will move to other countries, people will buy non-kyc and there will be a brain drain
Overall what are your thoughts on this? I am sure everyone completely agrees, this is one of the worst things that can be implemented and will be a net negative in terms of freedom, and prosperity in one of the best countries/western nations in the world. Please speak up against this and do what you can to fight against socialism and authoritarianism!
Best Regards,
SatsMates
Bitcoin Buys: https://invite.strike.me/2MSTYG
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Financial Disclaimer: Nothing stated in this video is a recommendation from SatsMate to buy or sell a particular security or asset class. It would help if you wisely considered your tolerance for risk, time horizon, and financial goals before making an investment. With investing, you risk losing money, always read an investment prospectus and make an informed decision before allocating capital to a particular investment.
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