4 ms·
Looming high (fed-directed) inflation + a high capital gains tax unindexed to inflation... seems like a shadow wealth tax. Dunno if I feel great about this in
by bpodgursky 6y ago
Looming high (fed-directed) inflation + a high capital gains tax unindexed to inflation... seems like a shadow wealth tax. Dunno if I feel great about this in combination.
- imtringued 6y agoIt's not perfectly equivalent to a wealth tax because the effective tax rate would merely approach the current capital gains tax. Assuming 1000% inflation the worst that could happen is that you pay capital gains on your entire investment rather than the gains.