This seems to forget all the people who have been scammed or lost it all in crypto bubbles.
Given that one can write off losses in crypto on their US taxes, it would seem pretty fair that one would be assessed gains as well.
Of course, even if/when you can’t write off a loss, there is the underlying fact that conducting commerce within the jurisdiction of a given country almost always relies upon tangible or intangible benefits provided by that country.
Infrastructure like roads, telecommunications, etc. or directly or indirectly through a nations general wealth and security- providing an environment conducive to commerce.
While bemoaning taces has long been popular, and it has had a resurgence in coolness lately, simply speaking not paying taxes is a freeloaders way of thinking. You live within a system and benefit from that system. It is reasonable to expect that one would contribute back to that system unless one is a parasite who just wants to take whatever they can get.
Now it is more than fair to say you have issues with HOW the money gets spent. In theory it all goes to a public hood but in practice there is corruption, waste, and foolish spending as well as decisions you may not agree with.
Those issues are administrative issues to be worked out separately and do not change the principle behind taxes and how budgets work in a democracy. Vote smarter and be more involved if you want to do something.
Given that one can write off losses in crypto on their US taxes, it would seem pretty fair that one would be assessed gains as well.
Of course, even if/when you can’t write off a loss, there is the underlying fact that conducting commerce within the jurisdiction of a given country almost always relies upon tangible or intangible benefits provided by that country.
Infrastructure like roads, telecommunications, etc. or directly or indirectly through a nations general wealth and security- providing an environment conducive to commerce.
Now it is more than fair to say you have issues with HOW the money gets spent. In theory it all goes to a public hood but in practice there is corruption, waste, and foolish spending as well as decisions you may not agree with.
Those issues are administrative issues to be worked out separately and do not change the principle behind taxes and how budgets work in a democracy. Vote smarter and be more involved if you want to do something.