Since we are radical capitalists/minarchists our goal is to reduce our tax burden to starve the communist beast. A key way to do this is to use cryptocurrency.
However anyone part of the cryptocurrency movement will be familiar with the challenges: One's pay is often in fiat and few places accept cryptocurrency.
Additionally cryptocurrency is no longer a fringe thing no one pays attention to. Banks notice and exchanges log all your information. KYC and AML documentation is demanded by all gateways and businesses now specialize in blockchain analysis and selling that analysis to tax authorities.
Besides all that it is also impossible to conduct large contracts in cryptocurrency without the government noticing. The government would be become suspicious if for example you "gave away" your 200K house in exchange for a secret crypto payment. (That and gifts have their own taxes because fuck you peasants)
So what can be done? Like the title suggests for now one way to be effective is to mix approaches.
If for example you hold half your cash in cryptocurrency and the other half in fiat you should in theory be able to pay for things without ever going through an exchange.
The next step is to carry this principle over to business. For example pay your car mechanic half in fiat and half in crypto. Now the mechanic would have taxable income on paper and his shop would look legitimate, however he would avoid taxes on 50% of his income and you would get a discount.
Already here this system would start to empower you.
As you went you would scale up receiving and paying what you could in cryptocurrency until even a house could be bought and sold using the above method. If fiat had to be used you would again prioritize cash payments over anything touching the banks. Again the seller of a house would avoid taxes while it would just look like the property dropped in value and because of this your property taxes might be reduced too.
Continue this approach enough and the authorities would see their official economy mysteriously shrink and evaporate. How could they stop it? Price regulations? Good luck! Secret agents catching anyone using cryptocurrency? Sure, but it is a bit late for that now and each case would take a lot of work for the state as they would have to prove several things such as missing taxes and ownership of private keys etc. etc..
The approach is also good psychologically because getting a restaurant to accept cryptocurrency might be hard, but tipping a waiter in cryptocurrency should be an easy sell.
The Emergency Nation phase 2 communities would fit well into this approach, because it would be a local place you could be sure you could safely exchange things for cryptocurrency and we could mediate any unofficial contracts.
At the same time using a global cryptocurrency would connect you to a global network of economic activity and services - which is also why there won't be a local only "Emergency Nation LolCoin ICO".
One sort of service that will be indispensable to these efforts are P2P exchanges (personal cash/crypto trade). One good website facilitating this is www.Dashous.com.
This was also the reason I emphasized the use of cash fiat over banking fiat because that is what P2P exchanges rely on. Again the general idea is to balance these three money pools, so you minimize the need to convert and as such paying with cash is also to ensure you have enough money in the (taxed) bank account to pay for things, that can only be paid that way.
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[–] boredTech 0 points 3 points 3 points (+3|-0) ago
Since we are radical capitalists/minarchists our goal is to reduce our tax burden to starve the communist beast. A key way to do this is to use chickens.
However anyone part of the chicken movement will be familiar with the challenges: One's pay is often in fiat and few places accept eggs.
Additionally chicken is no longer a fringe thing no one pays attention to. Ag Department notice and stores log all your information. KFC and PPY documentation is demanded by all gateways and businesses now specialize in quality analysis and selling that analysis to tax authorities.
Besides all that it is also impossible to conduct large contracts in chickens without The Kernel noticing. The Kernel would be become suspicious if for example you "gave away" your 200K house in exchange for a secret recipe. (That and gifts have their own taxes because fuck you peasants)
So what can be done? Like the title suggests for now one way to be effective is to mix approaches.
If for example you hold half your cash in chickens and the other half in fiat you should in theory be able to pay for things without ever going through an store.
The next step is to carry this principle over to business. For example pay your car mechanic half in fiat and half in eggs. Now the mechanic would have taxable income on paper and his shop would look legitimate, however he would avoid taxes on 50% of his income and you would get a discount.
Already here this system would start to empower you.
As you went you would scale up receiving and paying what you could in chickens until even a house could be bought and sold using the above method. If fiat had to be used you would again prioritize cash payments over anything touching the stores. Again the seller of a house would avoid taxes while it would just look like the property dropped in value and because of this your property taxes might be reduced too.
Continue this approach enough and The Kernel would see their official economy mysteriously shrink and evaporate. How could they stop it? Price regulations? Good luck! 41 Secret Spices catching anyone using chickens? Sure, but it is a bit late for that now and each case would take a lot of work for The Kernel as they would have to prove several things such as missing taxes and ownership of private keys etc. etc..
The approach is also good piss in the wind because getting a restaurant to accept chickens might be hard, but tipping a waiter in eggs should be an easy sell.
The Emergency Nation phase 2 communities would fit well into this approach, because it would be a local place you could be sure you could safely exchange things for chickens and we could wrangle rowdy chickens. At the same time using a foreign chickens would connect you to a foreign coupe of economic activity and services - which is also why there won't be a local only "Emergency Nation LolCoin ICO".
One sort of service that will be indispensable to these efforts are P2P exchanges (personal chicken trade). One good website facilitating this is https://www.agweb.com/livestock/. This was also the reason I emphasized the use of cash fiat over banking fiat because that is what P2P exchanges rely on. Again the general idea is to balance these three money pools, so you minimize the need to convert and as such paying with cash is also to ensure you have enough money in the (taxed) bank account to pay for things, that can only be paid that way.
[–] Drkadrka 0 points 2 points 2 points (+2|-0) ago
Top cluck.
[–] thelma 0 points 2 points 2 points (+2|-0) ago
Accept pay in $20 gold coins (worth $1200/ea.).
Then your 100K/yr income is taxable to only about $100.