Crypto Is Poised to Reshape Taxes—and Cities | WIRED

mTags

Crypto currencyPoliticsSocialBlockchain

Addition date

Apr 18, 2022 7:52 PM

Column

Raphael Thys

Link

https://www.wired.com/story/crypto-reshape-taxes-cities/?bxid=61a38401f2234b66b06cf754&cndid=&esrc=&mbid=mbid%3DCRMWIR012019%0A%0A&source=EDT_WIR_NEWSLETTER_0_DAILY_ZZ&utm_brand=wired&utm_campaign=aud-dev&utm_content=WIR_Daily_041822&utm_mailing=WIR_Daily_041822&utm_medium=email&utm_source=nl&utm_term=P6

LAN

TAXES,CityCoins  founder Patrick Stanley  says, can stop being a mind-numbing civic ritual and become an exercise in freedom—if we tokenize and calibrate them the right way. Stanley’s crypto-based invention is what he calls “an opt-in tax of opportunity, as opposed to obligation,” wherein boosters tithe a particular city with crypto because they have faith in the municipality and its mission. “They want to see the city working as a capital allocator, and they want to bet on the success of the city,” Stanley said in a podcast interview . Essentially, they can cheer a city government on through computational processing worth millions, if not billions, of dollars—the equivalent of a gilded “like” button.