The big money players are leaving New York as I wrote about in the past.
Here is a Bloomberg article telling how the big money players have passed the point of wanting to deal with the taxes.
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I think we'll be seeing more and more of that.
Even the "little guys" like myself are considering it
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The same thing happens with youtubers and rich people in Spain. I have seen that many famous youtubers who earn a lot of money and are Spanish, have moved to Andorra to avoid paying the high taxes in Spain. I don't blame them, the tax rate is too high in Spain, I think it is around 40% for people who generate more than 300 thousand euros per year.
Lo mismo que sucede con los youtubers y ricos en España. He visto que muchos youtubers famosos que ganan mucho dinero y son españoles, se han mudado a Andorra para evitar pagar los altos impuestos de España. No los culpo, el porcentaje de impuestos es demasiado alto en España, creo que ronda el 40% para personas que generen mas de 300 mil euros anuales.
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Yep. That is what happens when you make your money via a computer screen (and a camera). You can do that anywhere as long as the Internet exists.
That is something the meatheads in office do not understand. As people relocate to the tax havens (which is a boom for those areas), they are going to leave huge holes in the local budgets they left behind.
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Exactly, the same way we work. Everything is online, in fact I go out alone from my house to buy food hahaha.
Exacto, de la misma manera en que trabajamos nosotros. Todo es por internet, de hecho salgo solo de mi casa a comprar comida jajaja.
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It is a process that is going to gain steam over the next 5-10 years. More people will be switching to online "paths". I believe crypto is obviously going to be at the core of that.
As we forge towards the Metaverse, much of what we know about society is going to diminish completely.
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Yes, the adoption of cryptos is imminent. And now with all this Defi and NFT stuff they are gaining even more popularity. There will probably be many ways to make money online through cryptocurrencies and people will dedicate themselves to that path. In fact, to give you an example, if all Venezuelans worked in Hive they would earn more money than they do in their physical jobs due to the country's economy.
Si, es que la adopción de las criptos es inminente. Y ahora con todo esto de Defi y NFT están ganando aún mas popularidad. Probablemente habrán muchas maneras de ganar dinero por internet mediante las criptomonedas y las personas se dedicaran a ese camino. De hecho, por ponerte un ejemplo, si todos los venezolanos trabajaran en Hive ganarían mas dinero del que ganan en sus trabajos en físico debido a la economía del país.
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Nuestra demografía sobre HIVE muestra una presencia venezolana muy grande. Esto ha sido así durante bastante tiempo.
Gracias a los esfuerzos de marketing de @enrique89, @victoriabsb; hay una gran cantidad de miembros latinos.
Our demographics on HIVE show a very large Venezuelan presence. This has been true for quite some time.
Thanks to marketing efforts of @enrique89, @victoriabsb; there is a large membership of latino folks.
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I believe this would be true. From the few I see on here, they are making a great deal more money.
How long until others wake up to what is taking place? It doesnt seem that this is spreading any quicker there than it is in Nigeria. A few see the light but most do not.
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the main thing that is keeping a lot of Venezuelans to join Hive is not lack of knowledge about our blockchain or Crypto in general is more on the technological level, to start with have one of the worse internet services in the whole continent, that is for the ones who do have the service most dont even enjoy the internet connection, some dont even have a PC or a smart phone to connect and to be honest the other thing keeping a lot of people out of Hive too is how difficult the platform seems for a new user specially one with not much education, as @sgt-dan says there are a few venezuelans trying to help marketing Hive we even manage to put the hash tag of the #hivechat in español on the trending topics every single week on twitter on Thursdays nights.
Some do onboarding master class like @ilazramusic and @laloretoyya and some even run whatsapp groups for onboarding new users with personalize mentorships like rutablockchain, but true be told some users join and dont stick around and not because of Hive but because they lose the internet connection or dont have money to pay for the mobile data plan to stay connected and you guys know how in Hive to succeed you need to be constant.
I see the Spanish community come online in the mornings, don't know how many are from Venezuela. Followed by (or is nit preceded by?) India and South Asia. It's interesting to see that waves of countries come onine as each time zone rolls by.
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Very clear and in case I have read that places like Bali in Indonesia are turning out to be a paradise for these workers and digital creators
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When I joined Steemit in 2017, Bali seemed to be a hotspot fro crypto-related digital nomads. I always wondered why? Obviously the weather played a part, but could it have been cheaper to live there?
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I am not 100% certain but there were certain points in favor that by chance digital nomads chose that geographical point, one of them is that it is a country that is under development. The properties are attractively priced to take as a long-term investment
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The person who made the tutorials that I watched before I joinned Steemit, filmed them in Bali where he lived. He was a British expat and that is how I learned to blog correctly on the blockchain.
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I heard about steemit years ago and I abandoned it because at that time I did not understand how something could have such a complicated password, I was used to simple characters for easy access, I did not understand that the greater the complexity the greater the security of my funds!
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You really don't need to vote with your feet at all, you just need to vote with your wallet and onboard your fiat onto the various different blockchains and crypto/DeFi projects that you have to choose from.
Then the government would actually have to provide a service, and ask for donations, rather than demand direct taxation through force and coercion.
Depends upon where you are.
In the United States, cryptocurrency is taxable.
So whether it is in fiat or crypto, the government still looks to get paid.
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Yea any capital gains is taxable. The hunt for taxes to cover all the budget costs will be fairly crazy in the following decade. Don't forget the budget for the infrastructure bill is spread out over the next few years.
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Yep.
And this is a global situation. All governments are doing the same thing.
They are totally fucked when it comes to their budgets. At least the US can keep printing without much ramification other than a continued slowing of the economy.
Some of the other countries (plus states), not so much.
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Which one of them is easier to take though. Imagine if we collectively forced the government and the corporatists they are in collusion with, their true colors to the people they claim to provide a service to.
Here it doesnt matter. Many people are aware of the link, there is just nothing that can be done at this time. Monopolization of the marketplace is what happened. And the pandemic only made it worse since so many small businesses were destroyed.
The fact that crypto is starting to make a presence is really a game changer. Since this allows us to radically alter the financial system, that takes a huge chunk out of what they do.
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I am not surprised. The static costs will kill anyone remaining in New York. Just because people left, it doesn't mean the split costs will go down.
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Yeah. They will simply pass the additional costs (holes in the budget) on to those who remain.
NYC is the worst. They are going to see a huge shortfall if the Wall Street money leaves. That is big bucks, on both the personal income side and what the corporations have to pay the city.
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Do you think the government sending tons of state funding will cause them to reconsider or will they still tax the living hell out of the people remaining?
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They will still tax the living hell out of those remaining.
The money these states are getting from the Feds will help plug the hole for a year or two. But what then? Do you think they will stop spending?
Not likely.
The issues are there and not going away.
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