Nick Carter: AI will increase tax pressure on capital, including bitcoin
- —Carter: if labor's income share falls from 70% to 60%, governments will tax capital more
- —Unrealized gains taxes could extend to bitcoin holdings
- —California's proposed 5% wealth tax saw at least 35% of the tax base leave early
- —Carter expects welfare cuts and a higher retirement age as likely responses
Why it matters: An unrealized gains tax would force bitcoin holders to pay tax without selling the asset, weighing on long-term ownership.
Source: TokenPost