Now that is a good idea.
That would free a lot of stuff and allow it to be more productive.
Many people never sell because of the tax.
Land is not put to best use because people will not sell
because of the tax.
Or, at the very least,
index capital gains
if the dollar drops in value by 50% and your asset appreciates
by 100%
THERE WAS NO REAL GAIN!
so taxing that gain is just appropriation of capital
I don't believe it is right for government to appropriate capital
some people do think it is right
How much has the value of the dollar dropped in the last 15 years?
I estimate between 30% and 50%
so people taking gains on assets they have been holding for the last 15 years
are probably being cheated by this lack of indexing
INDEX CAPITAL GAINS!
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