From: Neil Fincham <neil@asdf•co.nz>
To: rob.golding@astutium•com
Cc: bitcoin-development@lists•sourceforge.net
Subject: Re: [Bitcoin-development] smart contracts -- possible use case? yes or no?
Date: Sun, 29 Sep 2013 15:28:26 +1300 [thread overview]
Message-ID: <CAH+ZByHs00+Cpx5bwybgV3G9=CBfHaHKg7AV9ytywKNAjFVM6g@mail.gmail.com> (raw)
In-Reply-To: <2c70dbfc173749cf4198c591f19a7d33@astutium.com>
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I subscribe to this list so I can keep up-to date with bitcoin development,
can we keep philosophy and tax evasion out of it?
Neil
On 29 September 2013 09:15, <rob.golding@astutium•com> wrote:
> > 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
>
>
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next prev parent reply other threads:[~2013-09-29 2:58 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
2013-09-29 2:28 ` Neil Fincham [this message]
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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