06 Oct '12, 3pm
We need to think of taxes in a different way! #bitcoin
We just need to think about taxes in a different way. Instead of something being forced upon everyone, make it something that one pays voluntarily, making it based on an honor system instead. Governments can setup an address for each of their projects that needs funding, and people simply donate to the projects relevant to themselves. For those that are too lazy to figure out which project are relevant, the government can provide a pass-thru accounts where an agreed upon percentage is passed through to each project. And the bitcoin blockchain comes with an added benefit of transparency. Anyone can verify that their funds are spent on the things they wanted to improve.