Bitcoin was once seen as a way out of a violent, legacy financial system. Now, bitcoin is being used by that very financial system, and crypto-enthusiastic newcomers think it’s a good thing, while giving lip service to peer-to-peer values. Ignoring the problems with fiat money, they are begging political interests and crooks to regulate Satoshi’s digital innovations. One such actor, Joe Biden, has been in the news recently for complaining about not getting enough taxes from struggling Americans. For Biden and his elitist ilk, destroying the possibility of crypto economic sovereignty is the goal. Taxation is an important means of achieving this. For crypto-OGs, taxation is still theft, and unauthorized peer-to-peer exchange is still the answer.
Stop Sugar-Coating. Why Taxation is Extortion
There is an old adage, “You can’t make ice cream out of shit.” It may be crude, but it speaks to an important reality in both the realm of thought and the physical world: something is what it is, not what it is not. You cannot build a palace out of a portable toilet, and you cannot make the literal theft of taxation, inflation, and fiat devaluation good for a decent society.
Taxation is a euphemism for extortion, writ large. Advocates of taxation (sustained and systematically coerced by the state for a lifetime) make the same argument for the coercion of financial slavery as the slave traders of the American South made for their own brand of brutal, physical tyranny. Appeals to tradition, humanitarianism, fear-mongering about economic collapse, and warnings of violent chaos and anarchyare all here“But who will pick the cotton,” finds its contemporary analogue in “But who will build the roads.” Or, as this article implies, “Who will buy ice cream for the kid who wants to sniff it.”
A brief illustration (just below) of why taxation is theft would be a useful introduction. But first, here is the definition of extortion.
Extortion is defined as “the practice of obtaining something, especially money, by force or threat.” The basic problem with the fiat money system and its printing and taxation is violence. As Satoshi encoded in the coinbase parameter of block zero, or the Genesis block of the Bitcoin network.
The Times 03/Jan/2009 Chancellor on brink of second bailout for banks
We will foot the bill for such bailouts because of state-legitimized extortion. Meanwhile, those at the top of the pyramid scheme simply print more money if necessary and hoard difficult assets. Legal definitions point out that such violence and threats are only bad if they are “illegal” or notissued by the IRS, but this is just another way to make soft serve out of excrement for those in power.
The United States Internal Revenue Service (IRS) has clearly declared how they get their money. Here’s a refresherThe so-called “voluntary” tax system in the United States is “not voluntary and is clearly set forth in Sections 6011(a), 6012(a), etc., and 6072(a) of the Internal Revenue Code.”
What happens if you don’t pay is simple.
Failure to file a tax return can subject the violator to civil and/or criminal penalties, including fines and imprisonment.
In short, force and threats are clearly used to obtain tax payments, even from nonviolent people. Thus, taxation is, by definition, extortion.
Even worse, if someone does not want to pay for a foreign war with their own money, does not want to answer ominously worded questions about the tax form code for security reasons, or tries to resist being put in a cage thinking that their money belongs to no one but themselves, IRS agents will use state attempts to subdue them and even kill them in order to complete an authorized kidnapping. And in a very dark, almost laughable way, death does not end the supposed 51} tax obligations
simple illustration
to that illustration promised. If your neighbor knocks on your door to raise money to build a skate park for the neighborhood kids, you can either donate or refuse it. This is basic, civilized society. But if that neighbor refuses to take “no” for an answer and pulls a gun on you, this is rightfully considered violence. It is a criminal act.
If that neighbor comes back with five others who make the same threat, the coercion will not be justified. And if they returned with an entire community or an entire town. Or, for example, everyone in a 54,000 square mile area. The logical fact remains that this example of threatening to use violence, and ultimately deadly violence, to obtain funding, even if it is for something considered positive, such as a park for children, is rightly considered a crime by logically consistent and ethical individuals.
Take New York State, for example, with just over 54,000 square miles of land as illustrated above, why is it suddenly, magically, okay for another group of mere mortals (now called the “government” and the “IRS”) to make that very same threat and demand donations at gunpoint? Is it safe to do so?
When we say donation, we are not only talking about parks and roads, but also to pay for warsthat kill innocent people incessantly, and horrible public services. There are so-called public services that are horribly mismanaged (e.g., police protection is often not provided even if you pay for it, and there are buildings and countries that you cannot enter without receiving an injection of a little tested mRNA spike protein cocktail. These are so-called services or products, and even if you don’t use them, you don’t have a choice in the matter.
Even viewed from a strictly economic lens, this centralized extortion model is a recipe for disaster.77} No price discoveryMarket signals of supply and demand are disrupted. Even if a service fails, competition is not allowed. The state, the only central social “node,” arbitrarily decides what funds are needed, who to give them to, and what to do with them.
Besides, taxed fiat money depreciates itself permanently and is recklessly destroyed by quantitative easing and inflation, resulting in an exponential loss of value for its holders who are forced to spend it to the exclusion of more sound alternatives. The advent of Bitcoin saw the light at the end of this tunnel: 81}81) restrictions on money printing {82) and the end of financing wars and pilfering through inflation and taxation {83).
Looking ethically away from economics, taxation is a psychopathic proposition: violate nonviolence to achieve nonviolence. Throughout history, people have generally been willing to pay for their own needs without the need to use violence, let alone organized violence, and to provide as much assistance as possible to their immediate communities when possible. To insist that people do not do so is to collapse the position that governments (themselves mere people) can or will do so. It would also be a strange admission of self-destructive impulses.
ditch the political parasites and go P2P;
the original (gangsta) idea never dies
want to go ice cream warhawk
new crypto fanatics just keep talking on Twitter about “financial freedom” of HODLING BTC, oddly While many are calling for laws and rules to ensure that everyday people in the U.S. cough up their pennies on time, roughly 87,000 new IRS employees can be hired in the U.S. over the next decade. The Treasury Department’sdocument, from which the rough figure of 87,000 comes, is interesting because it delves into cryptography as well.
Another concern is that the information reporting regime will drive taxpayers to spend more cash. Yet another important concern is virtual currency. Cryptocurrencies already pose significant detection problems by facilitating a wide range of illegal activities, including tax evasion.
Another concern is that the information reporting regime will drive taxpayers to spend more cash. Yet another important concern is virtual currency. Cryptocurrencies already pose significant detection problems by facilitating a wide range of illegal activities, including tax evasion.
Bitcoin. com News recently reported that the Biden administration has spoken out against legislation that would reduce funding for tax agencies. A statement from the Biden campaign noted that the funds at stake would “allow the IRS to crack down on large corporations and high-income individuals who cheat on their taxes.”
However, a look at who the struggling IRS has actually targeted and constantly cracked down on, on both sides of the BS bi-partisan aisle, reveals the real story. This article states.
American crypto advocates are anxious about the coming new tax reporting requirements that will require digital currency exchanges, Venmo, Cash App, Paypal, Airbnb, and eBay to send users 1099-K forms The IRS, with its unyielding eye on third party It has its sights set on payments of $600 or more for goods and services received through payment networks.
The “original gang” of crypto, those OGs who quickly realized that Bitcoin could provide a way to freely trade value beyond this restrictive statist status quo, regardless of political status, income, or cultural background, may seem a bit thin . But we are still here.
Bitcoin is powerful because of the idea behind it. And any systemthat facilitates free exchangewithout the need for a third party
If people can finally see beyond the euphemisms – which they will sooner or later – to the truth that breaks the paradigm that humans do not need to be governed by archaic and violent systems of governance and taxation, the sooner we can turn to a better way. This idea cannot be killed by whatever toolsare used to make it work. Fortunately, it is already out of the bag. So, let the child-sniffing old men (and other literally unregulated parasites at the top of the global ponzi) work for their money, as an honest man must.
There are risks to permit-free, peaceful living, but there is no doubt that the risks of passively watching free market exchange die – and allowing untold evil to envelop the lives of future generations – are far greater. Even the smallest permissionless action can help. To a friend or stranger, any little word about freedom and non-compliance. Even sending two obfuscatedBCHsats BCH sats to someone today for a cheeky ice cream cone.
To learn more about free exchange, self-ownership, and voluntarism, visithere136} hereandhere
Image Credits: Shutterstock, Pixabay, Wiki Commons, Prachaya Roekdeethaweesab / Shutterstock.com