4 ms·
> Almost an aside, but taxing people only on their savings would be truly bizarre. It happens all the time, it's called property taxes.
by speedplane 7y ago
> Almost an aside, but taxing people only on their savings would be truly bizarre.
It happens all the time, it's called property taxes.
- Mirioron 7y agoAlso, inflation. If the government does something that increases inflation (like printing money), then they're essentially taxing savings.
- speedplane 7y ago> Also, inflation. If the government does something that increases inflation (like printing money), then they're essentially taxing savings. Not exactly, if the government prints money, then the value of the dollar will decrease, but it the value of other assets will increase to adjust for the lower dollar value. So while printing money can be thought of as a tax on cash savings, it's not a tax on all assets (e.g., stocks, property, etc.).