The government views tax revenue as an indicator of a “growing economy” though that's just government fraud income

The ponzi works and stays afloat so long as more people keep believing in it. We might just be nearing a breakpoint as crypto adoption grows.

There's no reason tax and revenue should be used together as a phrase because one is outright fraud(exploit) and the other is a reward for offering a valuable service.

To rephrase the title to highlight a key detail omitted to keep it short: What the government considers as “a healthy and growing economy” is just an increasing tax revenue, which is just an increasing government fraud income and not an actual representation of the state of any nation's economy.

But what really is an economy?

An economy is a system of production, distribution, and consumption of goods and services within a society or region. It includes everything from how people earn money (jobs, businesses, industries) to how they spend it (buying goods, paying for services).

OK Chat, noted, what is a healthy economy then?

A healthy economy is one that experiences steady and sustainable growth, providing ample job opportunities, stable prices, and overall financial security for individuals and businesses. It is characterized by a rising Gross Domestic Product (GDP), which indicates economic expansion, and low unemployment rates, meaning that most people who seek work can find it.

Stable inflation ensures that prices increase at a manageable rate, preserving purchasing power without causing financial strain. Consumer confidence remains high, encouraging spending and investment, which further drives business growth and job creation.

Huh, no mention of tax revenues or the government, what's Chat's training data based off? Does the government know that ChatGPT is spreading a truth that could threaten their fraud systems?

To highlight a few things:

—Steady and sustainable growth(no government offers that)

We could experience growth in specific sectors or industries, whilst most others suffers, but because overall numbers is up, essentially leading to more government income, the reports will carry that “growth” was actualized.

That said, sustainability is pretty much far from our governments operations, if not, the United States would not constantly be in debates over debts despite a supposed growing economy over the years.

—Ample job opportunities(good luck with your degree)

Jobs, this will always be a tricky one. It's interesting that the last real data we have on non-members of the labor force in the United States is from 2014, which makes it rather not so easy to really account for how much opportunities are really out there for people.

Besides this, finding a job barely solves a problem if every other parts of the system is set up to exploit you.

—Stable prices and financial security(Bitcoin is not the only thing that has appreciated in value, eggs have too).

What most countries of the world have in common is growing prices of goods and services while being trapped in a pay-grade that can't afford the rising costs.

But sure, let's ignore all that and focus on rising tax revenue when specific industries boom and create massive value like that's all the economy is about.

Ignore the global debt, ignore the unemployment, ignore the rising cost of living. Government income well off? “Economy Good Gustavo”

UK bankers are terrified of Crypto

Simply because it is perceived to threaten bank and government fraud income.

The UK should begin taxing crypto purchases in a bid to sway Britons to invest in local stocks, which could boost the country’s economy, says the chair of investment bank Cavendish, Lisa Gordon.

“It should terrify all of us that over half of under-45s own crypto and no equities,” Gordon told The Times in a March 23 report. “I would love to see stamp duty cut on equities and applied to crypto.”

Gordon added that a cut could sway people to put their savings into shares of local companies, which could then spark other firms to go public in the UK and help the economy.

In comparison, she called crypto “a non-productive asset” that “doesn’t feed back into the economy.”

“Equities provide growth capital to companies that employ people, innovate and pay corporation tax. That is a social contract. We shouldn’t be afraid of advocating for that.” — Cointelegraph report

Crypto is just not innovation then, and thousands of crypto job roles being filled and more opening periodically is just fake or something, Lisa?

Does the Chair of an investment bank not understand how youths injecting capital into crypto aids the innovation of the future of money and the next-gen data layer for developing the digitized world?

I love it when bankers make an opinion on crypto, it's always just so easy to tell how they are butthurt because the banking system is just the government by proxy and crypto threatens its stability in income and power.

It's obvious from all that is said here that the major focus is “tax revenue” and the hidden cost to the banks.

If the government could get their tax income coming in high without having to show fake care for your living situation, they would pretty much do it.

Advocating for crypto to be max taxed and stocks not, just so local companies that nobody has heard of can gain undeserving liquidity is just stupid speaking and we all know the incentives of it all.

It's about attacking the system threatening to take away the power financial institutions and the government as a whole have on the finances of the people. The economy can do just fine whilst allowing crypto innovations.

The companies, whose failed stocks you're trying to forcely pump would be better performing if they were wise and integrated with crypto to attract that population that seems to not give a shit about them but rather buy memecoins on Solana.

If people are willing to gamble their net worth and savings on magic internet money, it should be prove of how traditional finance, investments and the government have failed them.

You don't see billionaires being in a haste to buy crypto, do you? It's because they are well off as business is good for them, but the masses that are not will seek opportunities in the shiny new tech world that can afford them the financial freedom.

It's not rocket science.

Posted Using INLEO