IRS Initiates ‘Operation Hidden Treasure’ to Root Out Unreported Crypto Income
I have always felt this was part of the problem with Hive and social media blockchain, who wants to worry about this and being taxed on an upvote, soon they will change it so your taxed on unrealized gains too.
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This is a trend we are going to see over the rest of this decade. The hunt for taxes is on and governments all over the world want their money. They are going to be after everyone they can get.
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I think this is unavoidable. The government never wants to give up any control they have and they need the money to fund their debt. It's an ongoing cycle and until the system is changed, I can only see more of this.
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The government needs money too. They feel it is their right to have a piece of whatever you have.
This is a cancer among society.
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It truly is. I wonder when people will have enough. If we keep losing more money, eventually people will revolt. Not to mention how inefficient the government is at using these funds. All you need to do is compare free market prices to government paying prices.
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The boiling frog. People just keep getting sucked in deeper. Most are fine with what is going on. They might complain but they are obedient in the end.
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