Memo - Post by Jeffrey Lebowski

Jeffrey Lebowski

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Austin

The first country to fully embrace Bitcoin Cash without regulations could easily become one of the wealthiest countries in the world.

How will they tax people?

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Austin

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By accepting Bitcoin Cash. It's pretty straight forward.

Jeffrey Lebowski

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They can't know how much to tax who.

Austin

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Taxes existed with gold, fiat, and fractional reserve fiat. They will continue to exist with crypto. If citizens hide their wealth governments will just charge taxes on money spent.