"> Taxing capital gains means that everything you ever own will also be taken from you in the form of taxes on inflated dollars. How? You're taxing gains so by

"> Taxing capital gains means that everything you ever own will also be taken from you in the form of taxes on inflated dollars. How? You're taxing gains so by definition, what you already own cannot be taken." His point is that you are taxing nominal gains, not real gains. Let's say you bought a house for $1mm in 2000, and sold it for approx. $1.5mm in 2017, owing $100k in capital gains (20% of the $500k nominal gain). You are now left with $1.4mm. But the inflation calculator I'm looking at says $1mm in 2000 dollars is $1.45mm in 2017 dollars, so even though the government claims they are taxing gains, the real value of your dollars has declined.