Taxing bitcoin profit is dumb.

Get taxed on income.

Use some of that after tax income to transfer my earnings into another currency, if I sell that currency, I get taxed again.

I am an educated health care worker, I make a good living, I could make far more if I dedicated my life to fucking people over at any cost for the sole purpose of getting rich as fuck, but I instead, chose to dedicate my professional career to alleviating the suffering of my fellow man.

It would be pretty cool if working class professionals could make a good living wage (apparently a hard ask), but punishing them multiple times as they try to rise up into a life of stressing less about money, is so ass backwards.

The system is so fucked up, and 100000000000000000% stacked against the working class, we are basically techno-serfs at this point.



Submitted March 24, 2022 at 08:19AM by Fuzzyfoot12345 https://ift.tt/tnDCZq8

Comments

Post a Comment

Popular posts from this blog

No, Bitcoin is not controlled by a small group of investors and miners (A rebuttal to the TechSpot article)

https://preview.redd.it/vli0ofqwf6w71.jpg?width=3840&format=pjpg&auto=webp&s=2a704c47375637858c27216379ae8313dadf8be8 This could be a long read. Kindly bear with me. I write this primarily in response to the TechSpot article from yesterday ( r/technology mods told me they only allow “ mainstream articles with editorial oversight and fact-checking ” so I'm sharing this here). But I’d also like to take this opportunity to write about Bitcoin more broadly as someone who has been following it for more than a decade and I’ll try to do so without complicating the conversation for anyone unfamiliar with Bitcoin. The TechSpot article cites a non-peer-reviewed National Bureau of Economic Research (NBER) working paper from Igor Makarov and Antoinette Schoar. NBER claims to be non-partisan but it is a private NPO funded by the likes of Bill Gates foundation . The chairman of NBER, Karen Horn, is a former president of the Federal Reserve Bank of Cleveland and Head of Int...
Read more