Coinbase CEO Brian Armstrong has proposed eliminating individual income taxes in the U.S., suggesting a radical shift in the tax burden to businesses and alternative revenue sources like sales taxes.
What Happened: Armstrong’s call, shared in a series of tweets on Sunday, aligns with his broader vision for reducing government size and enhancing economic freedom.
“It’s kind of crazy that we ask every adult in the U.S. to figure out how to pay their taxes,” Armstrong tweeted, pointing to the complexity of the current tax code, which spans an estimated 150,000 pages.
He argued that offloading the tax …
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