If the government wanted to find a solution to tax evasion wouldn’t the government WANT DeFi?

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If the government wanted to find a solution to tax evasion wouldn’t the government WANT DeFi?

Okay, maybe I’m wrong. Maybe it’s not a scalable solution. Who knows.

DeFi has crypto with these automatic taxes taken out on every transaction.

Wouldn’t the government benefit from a crypto built to tax all transactions and the tax would automatically be sent to a government-owned wallet?

Let’s say you purchase a meal at a restaurant for $20. The tax would be 10%, so $2 worth of that transaction is automatically sent to the government-owned wallet. This would possibly save hassle when tax season is here.

As far as tax write-offs I’m sure there’s a solution for this as well.

submitted by /u/CryptOccurrence
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