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The New Worldwide Tax on Crypto
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2 years ago
Good. Tax it out of existence! Crypto is a MASSIVE PARASITE upon the world and produces NOTHING from the speculation it enables.
Crypto could have been a useful means of transferring money to somebody without going through the banking system. It was hijacked by (((THEM))) and turned into a speculative, and destructive, Greater Fool Theory exercise. A lot of money is wasted hoping for some other fool to buy it at a higher price. That is an illegitimate use of money and is precisely why the monetary system is so fucked up.
Crypto is grossly inefficient, a criminal waste of electric power, and requires too many complex systems to function. If there is no practical utility in crypto, then it is useless. It is a parasite and the giant hashing farms need to be destroyed.
The only way to fix the global monetary system is brute force restoration of the old New Deal financial regulations. Money must represent legitimate production, labor input, and even the maintenance of what's been made. National borders need to be put back up, import tariffs raised, prices controlled along the supply chain to prevent parasitic skimming, and a securities trading tax of 1% on ALL securities transactions. One million trades per minute on Wall Street alone? GREAT! One percent off the top for every single trade! The trading weasels can fuck off; regardless of how much they kvetch and wail. MAKE THEM PAY.