Biden Admin mulling 80% capital gains tax on cryptocurrency?
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Author Topic: Biden Admin mulling 80% capital gains tax on cryptocurrency?  (Read 3815 times)
Stand With Israel. Crush Hamas
Ray Goldfield
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« Reply #100 on: April 26, 2021, 09:06:57 PM »
Quote from: jimrtex on April 26, 2021, 07:16:30 PM
A wealth tax would be better, and super easy to collect. Just have the IRS hack into your account.

Wealth taxes include solid assets, not just bank accounts, which means a massive new tax infrastructure. That's why the only politicians who push for them are those willing to lose a lot of money to hurt and humiliate the wealthy.
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GeneralMacArthur
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« Reply #101 on: May 19, 2021, 11:40:05 AM »
A stable currency is one that declines 40% in a single day.  All the Bitcoin snobs just experienced their own, private Great Recession.

Is Biden gonna ban this pyramid scheme or not
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Joe Republic
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« Reply #102 on: May 19, 2021, 04:16:53 PM »
Quote from: GeneralMacArthur on May 19, 2021, 11:40:05 AM
A stable currency is one that declines 40% in a single day.  All the Bitcoin snobs just experienced their own, private Great Recession.

Is Biden gonna ban this pyramid scheme or not

You act as if this is the first such incident of its kind.

Quote from: Joe Republic on April 26, 2021, 11:22:45 AM
"Ha ha, Bitcoin just went from $2 to 25¢!"

"Ha ha, Bitcoin just went from $8 to $2!"

"Ha Ha, Bitcoin just went from $30 to $8!"

"Ha ha, Bitcoin just went from $50,000 to $40,000."
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It’s so Joever
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« Reply #103 on: May 19, 2021, 05:04:32 PM »
Quote from: GeneralMacArthur on May 19, 2021, 11:40:05 AM
A stable currency is one that declines 40% in a single day.  All the Bitcoin snobs just experienced their own, private Great Recession.

Is Biden gonna ban this pyramid scheme or not
It will rise again, there are plenty of suckers who will feed into the frenzy.
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America Needs a 13-6 Progressive SCOTUS
Solid4096
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« Reply #104 on: May 19, 2021, 05:22:42 PM »
Bitcoin should be banned outright, not merely taxed.
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ꙮ
NYDem
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« Reply #105 on: May 19, 2021, 05:56:11 PM »
Quote from: Joe Republic on May 19, 2021, 04:16:53 PM
Quote from: GeneralMacArthur on May 19, 2021, 11:40:05 AM
A stable currency is one that declines 40% in a single day.  All the Bitcoin snobs just experienced their own, private Great Recession.

Is Biden gonna ban this pyramid scheme or not

You act as if this is the first such incident of its kind.

Quote from: Joe Republic on April 26, 2021, 11:22:45 AM
"Ha ha, Bitcoin just went from $2 to 25¢!"

"Ha ha, Bitcoin just went from $8 to $2!"

"Ha Ha, Bitcoin just went from $30 to $8!"

"Ha ha, Bitcoin just went from $50,000 to $40,000."

The fact that you think this is a point in Bitcoin’s favor implies that you don’t know what a currency is.

A currency should have a roughly constant value. Something that increases in value from $30 to $50000 in a couple years is a pretty poor currency (albeit a good investment).
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Joe Republic
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« Reply #106 on: May 19, 2021, 06:54:13 PM »
Quote from: This space intentionally left blank on May 19, 2021, 05:56:11 PM
Quote from: Joe Republic on May 19, 2021, 04:16:53 PM
Quote from: GeneralMacArthur on May 19, 2021, 11:40:05 AM
A stable currency is one that declines 40% in a single day.  All the Bitcoin snobs just experienced their own, private Great Recession.

Is Biden gonna ban this pyramid scheme or not

You act as if this is the first such incident of its kind.

Quote from: Joe Republic on April 26, 2021, 11:22:45 AM
"Ha ha, Bitcoin just went from $2 to 25¢!"

"Ha ha, Bitcoin just went from $8 to $2!"

"Ha Ha, Bitcoin just went from $30 to $8!"

"Ha ha, Bitcoin just went from $50,000 to $40,000."

The fact that you think this is a point in Bitcoin’s favor implies that you don’t know what a currency is.

A currency should have a roughly constant value. Something that increases in value from $30 to $50000 in a couple years is a pretty poor currency (albeit a good investment).

I don't consider it a currency, or use it as such.  It's a commodity, of sorts.
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