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poor don't accumulate capital. why do you think that? the majority of human population lives hand to mouth their entire lives. >then capital will be funneled

poor don't accumulate capital. why do you think that? the majority of human population lives hand to mouth their entire lives. >then capital will be funneled into real estate as soon as possible. See real estate markets in Ireland, Canada, UK which have high both capital gains and dividend taxes. The rich will trivially evade these two taxes anyway. i dont get this. i am saying increase taxes on capital gains, that includes gains made from sale of real estate. let people hoard as much cash in a house, when they have to "sell", that is when capital gains get triggered on the profit. higher profit means higher taxes. what problem are you talking about these countries? also, how can rich evade divident and capital gains? i genuinely want to know

lifestyleguru 3y ago
There is too much lobbying involved every time any government touches capital gains tax. Usually they end up changing capital gains tax only for stocks and bonds as they are rather virtual, while capital gains on gold, currencies, and especially real estate remain unchanged or even zero. > what problem are you talking about these countries? Check real estate prices in Toronto, Dublin, or London. > how can rich evade divident and capital gains? Charities, trusts, family foundations, own army of lawyers and accountants.