The Senate is voting Saturday afternoon on whether to end debate on the bipartisan infrastructure bill. That’s expected to pass, but what happens next is unclear — a number of disputes remain over amendments. Senators’ efforts to solve those could stretch into next week as the legislation moves slowly through procedural hurdles. Or it could all wrap up much sooner.
I repeat:
What occurs to me is that should we decide not to tax a class of assets, we insure that asset class is favored over others. We ensure the success of cryptocurrency as a tax dodge.
The BBC World Busness Report guys keep sayin’ “90% of cryptocurrency transactions are criminally related”. Most of that crime seems to be tax avoidance.
We never should have allowed Capital Gains to be taxed at a lower rate: should end that preference, and strongly tax the wealthy to keep their money out of politics.
Probably warm enough soon to start an algae bloom, and may it clog their intake filters.
Bitcoin is a cancer. Taxation and enforcement is the only way to get any kind of control over it, but I’m not hopeful that much can be done. It’s too easy to outsource to tax havens.
I’d be looking carefully at the money involved. There’s likely to be a bit more than just his normal FauxNoise salary involved. This has a lot of red flags attached to it and I’m hoping someone in the intelligence community is monitoring this closely.