El Salvador has eliminated all taxes (income, property, capital gains and import tariffs) on technology innovations, such as software programming, coding, apps and AI development.
El Salvador was one of the first countries to adopt bitcoin. Notably, individuals like Cathie Wood have said that Bitcoin will be worth $1 million per coin by 2030. Read more: unusualwhales.com/news/el-salvad…
@unusual_whales @AlexRose0482 @SpeakerMcCarthy @SenateGOP @HouseGOP @SenateDems @Jim_Jordan @RepBoebert @RepMattGaetz @SenGillibrand @SenatorSinema @Sen_JoeManchin @GOPMajorityWhip @RepDonaldsPress @AccountableGOP @chiproytx @SenLummis @SenTedCruz @SenateDems @democrats @chiproytx please listen and act!!
@unusual_whales Vary bold plan to incur significant investment and economic growth. It will be interesting to watch how this plays out. Seems there may be some economic casualties in the beginning but should be offset with by the rapid approach.
@unusual_whales It did this once before when Spaniards colonized it- which, ofcourse, led to a genocide on its Native Peoples. Guess it wants more colonization, only this time by Web3 tech bros.
@unusual_whales El Salvador is the Singapore of Central America
@unusual_whales A good government would never tax their people. They would figure out a way to make their funding other ways
@unusual_whales Sounds like the perfect place to set up the next SVB. Any VC out there want to provide startup capital?