Oof, that is one depressing movie.
I agree with you in theory. In practice, the IRS taxes all property it decides is "earned as compensation". I hope to establish by the end of these articles that this is not a viable or logically consistent way to tax Steem.
Indeed! We should all fight oppression and tyranny. Blockchain is the powerful answer to all of our problems . One day we won't need to believe/trust in a government, or banks, or any institution that we don't like . The blockchain revolution will free us all.
you know, of the feds just create their own bitocoin farm, and other cryptocurrency farms and just mine the hell out of coins, they wouldn't need to tax the average american citizen... darn u woodrow wilson!
I bet it would be too late to catch-up with the Chinese mining operations now, plus most Bitcoins are already "out in the wild".
On the other hand, I have heard of a few Bitcoin mining farms in the Mid/Western US getting government grants or loans for setup. Somewhere like...North Dakota? I forget.