Hacker News Reader

You seem to think that freedom means a world in which you are allowed to hide your assets from the government. You have never been allowed to do that. You're going to have to change the law, and because you live in more or less a democracy, you're going to have to convince people that its good to change the law.

View on HN

History did not start in 1913. Income is not an asset, they have been two different things for longer than the United States has existed as a country. Most governments in recorded history have managed to exist without taxing income.

It would in fact be better live in a country with financial privacy where assets form the tax base instead of income. In terms of convincing the public, I think time will do the former and education the later.

For the time being the government has yet to decide wether crypto is money, a currency, an asset, or a security. Instead it has been going after people for all of them.

Because crypto claims to be all 3 and has created various forms that behave like all 3.

This would hold up if government treated individual forms individually, yet they mix&match arbitrarily.

Reply on news.ycombinator.com