| > Gold and crypto are already taxed the same and on the same level (capital gains)...It's really expensive to secure my own gold Gold bugs pay for their own security. Crypto outsources investigation, enforcement and regulation onto the public. > how is crypto packets flowing preventing you My taxes pay for investigation and enforcement. > Don't you wish you could see JP Morgans or the Pentagons books laid bare like the blockchain? No? J.P. Morgan is audited. Almost nobody dives into their various filings with the SEC, FDIC, Fed, and every state banking and securities regulator. As for the Pentagon, absolutely not–that's a huge national security hole. > for us privileged westerners (assumption about you on my part) that this all this seems a little silly, but for my family and friends in situations where their government is behaving really badly, this is serious I don't think it's silly. I just don't think it should be subsidized by us. > it doesn't come to the US but it seems a little silly if you are rich enough to not hedge against that possibility It's a common pass-time for the rich. Crypto, like gold buggery, is aimed at soothing an emotional need to hedge. The fact that those with most to lose play by a different playbook should speak for itself. |
When I buy a big vault, extra door locks, a pitbull, and a gun to protect the gold I store at home to go full gold buggery, am I paying for the investigation, enforcement, and regulation of gold? This is what I mean by its expensive to secure my own gold.
When I store gold at a business that specializes in such services, am I paying for the investigation, enforcement, and regulation of gold?
If yes for either of these, how am I not paying for that same investigation, enforcement, and regulation of crypto when buying a vault for my crypto or paying one of many such companies to hold it for me?
I don't really get what you are subsidizing that you don't also subsidize for pokemon cards, private equity, or any collectable.
Gold is exempt from sales tax in most US states so I really have no clue what you are on about.
Incase I've missed something, on behalf of all crypto users you have my full permission to stop subsidizing all USG employees trying to investigate, enforce, and regulate crypto.