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by repomies6999 3118 days ago
What is seen as fair is a very subjective question. I would prefer not calling it "fair share" because taxation is very complex and depends hugely on how good you are at gaming the system.
1 comments

What's the capital gains tax in the US? I seem to distinctly remember it's far lower than a bricklayer's income tax. So, arguably, taxes on bitcoin speculation are not a "fair share" only in the sense that it's still too low.
CGT is very high in the USA compared to the UK and the rest of the EU - which discourages investment as opposed to buying safe T Bills or Guilts
I think it's fair to say that many people lose perspective when it comes to their wallets.
Paraphrasing Upton Sinclair: It's difficult to get a man to understand something when his portfolio value depends on his not understanding it