I did not mean this to be a thread about avoiding taxes, but on the moral and legal underpinning of them- especially with regard to the fact your life I.E(time on earth)
has no value to the authorities, other wise it would be deductible in some measure from the tax imposed.
Of course to our founding fathers taxing a man on the fruits of his labor and the sweat of his brow would have been considered an abomination no less than slavery- they considered a mans labor his property , no less than anything else he owned or produced.
Government doesn't tax my sweat or my labor.
They tax my profits off of my sweat and labor. And there's a difference.
They don't tax my recreation time where I profit by means of personal enjoyment. If I take $100 and buy assorted pieces of mahogany and assemble them into a bookcase, they don't tax the value of that bookcase as it sits in my home, providing me with its true value.
They only tax my labors when I transact in them in FRN's.
If I labored as part of the open source crew to create the BitCoin sourcecode and logic, it would have been recreational and have no bearing on any FRN related value.
If I left my computer running as an early bitcoin mining rig, it would have no FRN value.
If I click a button on my bitcoin app to adjust how bitcoins are allocated, it has no FRN value.
I can take FRN's and turn them into noise in my motorcycle, turn them into cheeseburgers at the restaurant, turn them into beers at the pub or turn them into bitcoins online. All the same result. The bitcoin is no different than a "gold" piece in World of Warcraft (which you can also buy with FRN's).
Taxing the non-FRN based result of a man's time is nonsensical.
(Pondering when taxes will be levied on MMORPG incomes and if priest-classes will be exempt...)