Why we should start taxing bank accounts.

Enough is enough. The government is broke, new players struggle to pay their rent, yet the richest players get to pay no taxes while giving us nothing in return. Why? Because that's what they decided years ago.

Back when Democracy-Craft first started, the government decided that bank accounts should not be taxed. At the time, this decision was made to incentivize the creation of banks, yet over 5 years later, that decision is screwing almost all of us over. Banks basically act as legal tax fraud, allowing anyone to simply avoid paying their taxes. Because of this, the server's richest players pay virtually no taxes. You would expect them to pay the most considering we have had more than a year of leftist and socialist governments, but alas, they continue to pay nothing. Since players with less than $100k in cash pay 0% personal balance tax, that means the personal balance tax is basically non-existent, since any player with more than 100k can simply put some money in their bank account, and pay no taxes.

These taxation rules, that were decided years ago when the server was in its infancy, make zero sense in our modern landscape. The only taxes that are actually being paid are property taxes, corporate taxes, and financial institution taxes. While these taxes definitely give the Treasury some money, that is not enough. The Treasury has for years been considered a powerless and laughable department, with the server's richest players sometimes making more in a few weeks than the Treasury has made in a year. Because of this, the Federal Reserve Bank has over the years made the choice of simply printing money to keep the Treasury afloat, causing inflation to rise at insane rates over the past 2 years.

All of this, while the average player is struggling to pay their rent. Think of how much would be possible if the Treasury had the money, if the rich would simply pay their taxes. We could have had free housing for new players, we could have a higher UBI, we could have government support for small businesses, etc, etc, the list goes on and on.

No more will I stay silent on this, and I hope that you won't either. We need a total wealth tax, tax their bank accounts, tax their yachts, tax their shulkers of netherite, tax all of their assets. Tax them and make them pay their fair share, and let the government finally have the funds to do basic things it should've been able to do years ago.

Thank you for reading.