As Cardano DRep (Delegated Representative), I will inform everyone about my governance votes. For those unfamiliar with the Cardano ecosystem - DReps are like Deputies who vote for the governance decision. The power of vote depends on the power of ADA delegated to a particular DRep. As you can see from the screenshot, my power is 21830 ADA (it means the following amount was delegated to me). Although this number might seem big, it is tiny compared to other DReps who have millions and hundreds of millions of ADA power.
Proposal "Decrease Treasury Tax from 20% to 10%". I voted "Yes"
Here is my motivation in brief to vote "Yes":
Decreasing taxes is not only nowadays trend. We need to learn to use Treasury more efficiently. With the proposed tax change - Treasury still will have enough funds to cover all the expenses. An increase in Cardano staking profits can also attract new people to the ecosystem and investors. Just in case, this parameter can be changed in the future.
Here is statistics of voting (at the day of writing this post, 20 February 2025)
Voted "Yes" --- ₳ 324.33M --- 8.72%
Voted "Abstain" --- ₳ 5.13B
Voted "No" ---- ₳ 1.05B ----- 28.09%
Not voted ---- ₳ 2.51B ---- 63.19%
When I voted yesterday I saw similar data and taking into account the Yes/No proportion, I understand that most probably this governance suggestion won't pass. Also, I understand that I lack overall knowledge on the topic of how Treasury is filled and how it is used. This is something we should study more and I'm sure soon the Budget will be discussed more and more and we'll have some other propositions regarding the Budget, Treasury, etc. So I support this proposition to cut Treasury Tax also to show that such and similar propositions can be made and Cardano community can influence many aspects of Cardano governance, including such important questions as Taxes and Treasury expenses.
More details (including technical details) about this proposal on the Governance portal: