And carbon tax. Just count tons of coal at the mine and charge a fee per ton. Same at oil and gas wells. There aren't that many major sources, it'd be easy.
> Property tax, its the only thing you can't hide and its not a friction on the economy.
How is property tax not a friction? Total I pay about $5,500+ annually, and it increases every year. That's money I could have spent or invested elsewhere, is it not?
How about an automatic cut of every transaction that goes straight to the government? Fully automated - no reporting, no beauracracy. Like paying fees to miners.
No way to do that without eliminating privacy and banning decentralized cryptocurrencies that don't have this reporting function. People would be left with somethig like eCoin.
Exactly. For bitcoin taxes we basically rely on people honestly self-reporting, which (a) isn't very effective and (b) means they have to do lots of tedious record keeping and FIFO calculations. Maybe that's not a very good tax.
I'm not saying we shouldn't tax crypto at all, but some countries don't and they seem to do all right. Maybe there's a middle ground.
