Law & Policy

Caden's Cafe

if the US had its shit together, they'd embrace crypto and create transaction wrappers and smart wallets to automatically collect taxes

but no

Anyone here know whether transaction wrappers to collect taxes would be feasible?

As more economic activity moves onchain, the gov is bound to get more insistent about getting its cut. Would love to hear thoughts about how that might happen

Crypto, F1, and Lawyering account for 90% of my waking hours 

this has always been such an interesting & under-explored topic area! I'm not 100% sure how it might work, but I do know that programmable tax collection will likely look very different for different transactional environments: i.e. permissioned (where the identity of the individual is known) vs. permissionless systems

i'd rather kill the radio and listen to the rain hit.

Oh absolutely. There is a reason we get w2s from employers. Gov will never (and should never) rely on the trust me bro model of collecting taxes

steelman against my arg is that if we're serious about our duty as citizens we would write them ourselves

absolutely feasible for me to send every taxable event i incur through a 0xSplits contract and continually fund a taxes wallet in stables

there's just somehow greater incentive for govt to do that than me y'know?