Laffer curve- With increasing tax rate goes up the tax revenue collected by a state but only until the tax rate hits a critical limit after which the common man has a higher incentive to flee and the country or avoid taxes.
30% is that critical limit.
#reducecryptotax#crypto
Indian #crypto exchanges are planning a monopoly with the absurd policy of only using Indian exchanges.
This way, even withdrawals of crypto assets will be blocked cutting is from metaverse, #NFT, ICOs, IGOs, crypto gaming.
Rich crypto #hodlers should move out of India forever.
Some people asked me on Discord as to where I come up with my tweets from...
I simply observe mediocre unsuccessful people and learn from their mistakes and habits.
If India crypto ban #FUD is what scares you as a #crypto holder, there's no way you're gonna make money in this.
As a crypto investor, you are expected to be more research-oriented than a stonk boi.
Just switch to #DeFi.
PS- Even China couldn't ban crypto in 67 attempts.