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From "Why Texas Republicans are Souring on Crypto" from The Economist https://archive.ph/eIXGc
this post was submitted on 08 Sep 2024
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That was Chicago.
I think we'll see more of this stuff. It's just too tempting for politicians. They can fill a budget hole, lower property taxes, etc, and make it some future administrations problem. Especially if they structure it with a gradual increase in prices.
It's like taxing people 50 years in the future but getting to spend the money now.