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Former US presidential runner slams US crypto tax; demands exemption

ron paul demands tax exemption for crypto currencies

Ron Paul is known for his outspoken stance, and he has spoken once again, this time in favor of cryptocurrencies and crypto assets.

Bashing the United States Federal Reserve on the recent controversial increment in the tax rate he is of the view that crypto assets should be left alone; better yet, wholly exempted from the tax net.

Donald Trump has been banging hard on very nail and door he can find that has a foreign origin, this includes a lot of machinery and crypto miners coming from China.

The U.S. government recently increased the prices on Beijing based crypto-mining machinery when it was classified as foreign machinery which is subject to additional taxes.

The renown author and avid critic of the Trump regime, Paul is of the view that cryptocurrencies cannot be stabilized and that is that.

But on the other hand, the decision to increase the tax rate on digital crypto assets is outright horrendous because the elite would only prosper and the middle class would be forced to take a load of this tax raise as usual.

Paul is of the view that dollar has been losing its value rather than increasing it since the inception of the Federal Reserve in 1913.

This de-valuation process has been punishing those who save their lifelong saving only to lose value at the end of their life cycle.

Yet, on the other hand, those who like to play aggressive, regardless of their source of income can make a big buck with ease at the expense of hard labor by the blue collar.

Taha Farooqui

Taha Farooqui

Taha specializes in copywriting & translating texts. He aims to cover cryptocurrencies & blockchain in both English and local dialects in the Middle Eastern regions. He has helped write, translate, and localize the material related to cryptocurrencies and blockchain.

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