RE: JPMorgan Integrates ZCash Privacy Into Its Private Quorum Blockchain - And Why This Matters (A Lot)
The thing is, if you've had a look at the Panama Papers, that since the asset on the blockchain isn't discoverable before the public key is released to the auditing agency, the banksters are going to hide assets.
Which means tax burdens will fall on those least able to bear them, as they are now. Google pays about 1/10 the tax rate as the average person. Big corporations can afford to take advantage of off shoring and regulatory shopping. Better tools to conceal their assets will enable them to pay even less tax, and we unsophisticated commoners will be bearing even more the untenable tax burden.
Presently, the $20T US national debt, when apportioned to every single American equally, comes to more than $50M/person. However, the rich aren't gonna pay their share, and the poor can't. I sure as hell can't pay $50M to bondholders!
It'd be nice if the little guy could preserve his assets from plunder as well as the big bullies. Mebbe Zcash can make that happen.