If staked tokens are not taxed, I will (hypothetically of course) put all of my resources into stakeable tokens (like HIVE for example).
Then someone like @edicted will create a defi lending platform on the HIVE blockchain :-)
Then I will borrow HBD from myself (loans are already not taxable) and live off of that (assuming the HIVE ecosystem also evolves to HBD being a usable means of real commerce).
Create HP (staked) by taking 100% HP for blogging, commenting, etc. Loan myself HBD to live off of. Lather rinse repeat. As long as I can generate enough HP to keep my debt to loan ratio within accepted parameters, it would be like a magic tax-free money machine.
Of course, the government is not gonna let this stand. So, next step Loan myself HBD and exchange that on a truly decentralized DEX for privacy coins.
They are dealing with a Pandora's box that they can't really shut as long as the internet becomes truly decentralized. My fear is that a truly decentralized internet is gonna be the weak link for the people, but that will come too. Not before some examples are made though. I hope those examples come from the government, but I am afraid they will come from the people first.
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