The Terra Luna Classic community discussed tax rates and the implementation of EVM
In a YouTube video, ClayBro analyst brought two important suggestions to the Terra Luna Classic community. One of them proposes a 3% tax increase for Terra Classic and a 2% tax increase for USC for a period of 90 days, followed by a reduction thereafter.
Another, more radical approach would have raised taxes by as much as 19%, which was met with strong opposition from the community, with 99% voting “no.”
The proposal to raise taxes by a modest 3% and 2% for a limited period has met with mixed reactions. Some felt that such a tax increase would stifle the growth and potential of blockchain. They countered that large exchanges often circumvent these tax proposals and there have been cases where larger tax levies have been accepted without harmful consequences.
The benefits of EVM support include programmability, composability, and interoperability, which can greatly enhance the Terra Luna Classic ecosystem.
