From: rob.golding@astutium•com
To: bitcoin-development@lists•sourceforge.net
Subject: Re: [Bitcoin-development] smart contracts -- possible use case? yes or no?
Date: Sat, 28 Sep 2013 21:15:34 +0100 [thread overview]
Message-ID: <2c70dbfc173749cf4198c591f19a7d33@astutium.com> (raw)
In-Reply-To: <CAKaEYhLvqT6nkbupEEgR1d9dMP4-pA7xQbBqPDbREiDDV7c0rQ@mail.gmail.com>
> But the regulatory environment in many geographical regions in
> uncertain. Do we need to pay capital gains? Do we need to pay a
> sales taxs etc. etc.
In most regions it's not only 'simple' but trivial - BTC is just
'another currency' and accounted for exactly the same way - it doens't
matter if you sell your hose for GBP, USD, EUR, BTC or sacks of Pig
Dung, you still have a GBP tax issue ...
> So my idea is to voluntarily pre empt legislation by giving donations
> to govt (aka taxation) for bitcoin service providers.
You want to volunteer to pay tax ? I'd suggest stronger medication ...
> However, there is something of a problem with voluntary donations.
> Most people are not satisfied with the way they are spent.
80% of 'donations' end up spent on 'adminsitration' and not what they
were donated for, this is a 'greed' issue not a 'currency' issue.
> In the UK
> a recent survey said that only 18% of people thought that tax money
> was wisely spent.
Tax isn't voluntary or a donation. The 18% who think UK tax is well
spent are the 18% of the population who get the tax money, not the 82%
that pay it ;)
> Can we fix it?
First we kill all the politicians ...
> So let's say I run a business and I make 1 million euros. I wish to
> donate 10% of my profits to society. But let's say I dont want that
> money to go to wars of aggression, but rather, to the fire
> de[department.
So give it to the FD - what you do with your post-tax profits are up to
you ;)
> At this point everyone wins. The business person is happy to make a
> contribution. The govt. is happy that it gets more revenue. The
> fire dept. is happy that it has revenue to do its work. And
> everything has gone to the right place in a kind of democratic way.
Where does gov't come into this ? I think you're confusing 'tax' which
you have zero control over and 'donations' which you already have 100%
control over.
Rob
next prev parent reply other threads:[~2013-09-28 20:15 UTC|newest]
Thread overview: 12+ messages / expand[flat|nested] mbox.gz Atom feed top
2013-09-27 23:41 Melvin Carvalho
2013-09-28 20:15 ` rob.golding [this message]
2013-09-29 2:28 ` Neil Fincham
2013-09-29 8:32 ` Gavin Andresen
2013-09-29 9:37 ` Adam Back
2013-09-29 17:49 ` Mark Friedenbach
2013-10-01 14:26 ` [Bitcoin-development] homomorphic coin value (validatable but encrypted) (Re: smart contracts -- possible use case? yes or no?) Adam Back
2013-10-01 19:11 ` Adam Back
2013-10-07 19:01 ` Adam Back
2013-09-29 9:44 ` [Bitcoin-development] smart contracts -- possible use case? yes or no? Melvin Carvalho
2013-09-29 9:46 ` Melvin Carvalho
2013-09-29 11:33 ` Mike Hearn
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