This could mean the end of programs like Medicare, Medicaid and social security
Unfortunately, these profit making money-sucking machines will never stop, to big to fail
Because it is completely decentralized and provides zero identification with respect to its users, Bitcoin is virtually impossible to tax. There is no way for governments to know who owns what, who is paying whom, what is being sold, who is buying what, and how much income a Bitcoin owner has. By preventing governments from levying taxes against their citizenry, Bitcoin could very well decimate governmental power and significantly diminish the ability of governments to operate.
In other words - "we are poor slaves and we cant imagine how to live without our Masters, we will all die without their guidance"
Now there are a few small countries still exist in Europe (but outside EU) which don't have personal income taxes at all, and the standard of living in there countries is much higher than in the rest of the civilized world.