A young man struggling, manages to raise $1k to bet on crypto, a risky venture. Painstakingly grow that $1k to $10k. Then you mandate him to pay tax to you. But if he lost that $1k on meme betting or futures, he can't turn to the bank for loans neither you the government for government assistance. You will collect tax when people profit but won't provide jobs, loans, or government aid when they make losses. Isn't that systemic extraction and exploitation?
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A young man struggling, manages to raise $1k to bet on crypto, a risky venture. Painstakingly grow that $1k to $10k. Then you mandate him to pay tax to you. But if he lost that $1k on meme betting or futures, he can't turn to the bank for loans neither you the government for government assistance. You will collect tax when people profit but won't provide jobs, loans, or government aid when they make losses. Isn't that systemic extraction and exploitation?