re-joeypark-2gkxiy-20200729t051347685z by ezvote

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· @ezvote ·
re-joeypark-2gkxiy-20200729t051347685z
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πŸ‘  
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@ezvote ·
Reasonable tax rates will benefit all, I believe. I think what we need is for all governments to try to work with the people to find something **fair** to all, so that we can all benefit as best as possible in the future!

(A bit more engagement for you. :) Just showing that there is a **person** behind this bot, that does care about the content it promotes and engaging with those it chooses to promote.)

What I think they should do is just classify it as a "Digital Currency Asset" across the board, "DCA" for an easy, short moniker, and tax it a bit less than regular currencies or assets, because of the extreme level of volatility that comes along with crypto. It should also be understood from both the governments involved, and the investors/users, that once these become more established laws and methods, the value will begin to become less volatile over time as new investors will feel comfortable to finally get in, knowing there are solid **tax laws** surrounding the cryptosphere. That being said, they can append those tax rates on the "DCA"s at a later point in time, letting the community know in advance that once stabilization begins to occur on a mass scale, that they will be increasing the tax rates at whatever rate.

This, I think, can be a model applied to any and every nation, so that they can make things as simple in format as possible, across the board. It benefits the investors to have a tax break while the volatility is ensuing, while also benefitting the government more in the long-run, when stabilization begins to occur because people can feel **comfortable and secure** with the legalities involved in these types of investments. :)

Hope that made sense and hope some can agree! :P
πŸ‘  
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vote details (1)
@joeypark ·
Oh DCA is a good idea! Yeah, BTC could be a currency or asset!
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@ezvote ·
Exactly! It can be both! They could even create some type of new label for it if they wish to keep it truly separate, something like "Technological Currency" or "Decentralized Currency" so many ways for them to label it, but I think the important part is that they are sure to be fair with the people on it, otherwise they will see a lot of people just doing rogue and illegal things and not reporting at all and such. They have to consider how easily it can manage to be hidden and not reported too and take into account that too high of taxes and penalties will drive many more people to that dark path.

Great conversation and good to hear some fresh perspectives on things. :) As I've said before, you're on the curation list now, so you can count on some bonus votes on your content. :) I've enjoyed our engagement together! Looking forward to more in the future!

Oh, one last thing, I think this is a great opportunity for governments to take something new and focus on it benefitting the middle/lower classes of the different countries. So many things are focuses on the already wealthy people, so this could be a chance to show that they DO care about the "little" people as well, those who are not insanely wealthy and have anything they could want. It would sure settle a lot of our doubts and fears in life to know that there is an actual serious level of care being put to our lives. :P
πŸ‘  
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vote details (1)