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It's not so much that it benefits people who get income from investments as protects them from inflation. If you hold on to something for ten years and sell it
by gozur88 9y ago
It's not so much that it benefits people who get income from investments as protects them from inflation. If you hold on to something for ten years and sell it for the same amount in constant dollars, the tax you pay on the increase in actual dollars is really a wealth tax.