Why Bitcoin? Why self-custody?
“The U.S. Department of Justice (DOJ) argued that confiscating $50,000 from a small business did not infringe the business' right to private property because money i...
Unbelievable.
Also, I would think that those three arguments for why money isn't property could be useful in cases about the legality/constitutionality of requiring people to use the dollar as legal tender.
'The DOJ gave three rationales for the argument, all packed into a doorstopper of a footnote: (1) the government creates money, so you can't own it; (2) the government can tax your money, so you don't own it; and (3) the Constitution allows the government to spend money for the "general welfare." '
Also, I would think that those three arguments for why money isn't property could be useful in cases about the legality/constitutionality of requiring people to use the dollar as legal tender.
'The DOJ gave three rationales for the argument, all packed into a doorstopper of a footnote: (1) the government creates money, so you can't own it; (2) the government can tax your money, so you don't own it; and (3) the Constitution allows the government to spend money for the "general welfare." '