Holy cow man, I never even realized! But that's definitely a real thing. I know the tax code will never get amended this way, but it seems like you should onl

Holy cow man, I never even realized! But that's definitely a real thing. I know the tax code will never get amended this way, but it seems like you should only have to pay capital gains on profits in real terms, not notional. It'd really just push the fight of "what is the real inflation rate" into something that has substantial reasons every year for everyone to want to get right, not just those with a lot of capital. And it'd give the government even more incentive to understate it.