$BTC #BitcoinNews #btcbrasil 30% TAXES TO REPORT YOUR
#BTC IN BRAZIL and the LAFFER CURVE
The geniuses in CONGRESS want to INCENTIVIZE people to declare
#BTC old assets and say: "— We only want 15% of your Bitcoin and A FINE of ANOTHER 15%, that is, ONLY 30%!" and they think that this is an incentive!
Brazil has long reached the PEAK OF THE LAFFER CURVE!
Every day there is a new Tax!
An insatiable hunger!
Any First Period Economist knows that, even for those who advocate for a State with high revenue, there is an "optimal level" [reasonable] of taxation: not so low that it generates little revenue, nor so high that it kills incentives. Thus the cost of declaring and paying becomes better than facing punitive consequences.
However, when the government exceeds this point, people "turn off their sense of risk," and turn on the "who cares!", because, in this case, "they are already getting screwed anyway!”. In summary, "either they declare and get screwed (they and their hard-earned family savings), and in this case, perhaps it doesn't even make sense to assume such a risk to give almost half to the State;
OR, this guy "[...] decides to turn on the 'who cares!' and 'capitalizes himself', after all, it matters little to get screwed by 'forced punishment' or by the 'voluntary destruction' of his own family wealth!" and, with that, many stop declaring, start working informally, stop investing, or transfer resources abroad, put them in cold wallets, start exchanging goods for services, use P2P, Exchanges that do not report, or even flee the country.
I am not against taxes, but this is a very clear socioeconomic analysis of what happens when a people already suffocated is choked. "The Art of War" already teaches to "never suffocate the opposing army to such an extent that it does not leave them a plausible escape!", because they will find themselves forced to fight for their lives!
And there is no worse opponent than one who is fighting to save their life and that of their family. There is no worse opponent than one who considers they have nothing left to lose. This is a huge folly!