3min chapter

The "What is Money?" Show cover image

WiM029 - The Frisby Series | Episode 7 | Bitcoin, Taxation, and Revolution

The "What is Money?" Show

CHAPTER

Taxation Without Presentation Is Tyranny

Taxation without presentation is tyranny, right? But in your book, you make a great point that we actually, it wasn't that bad. The taxes weren't even that bad. It was more about, i guess, the way it was implemented and the princia behind it. That's why income tax, to day, is such an effective tax, because it's deducted at sauce. People never letly hand the money over. They don't feel the pain ot paying the tax. Yet, to your point, it's a necessity of money we have. There has to be, has to be rooted in economic sacrifice, otherwise the system gets corrupt.That's what proof of work

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