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Not entirely. Non rich people own houses. If your average person buys a house for 200k, it goes up to 400k and then they have to move to an identical house also
by tim333 2y ago
Not entirely. Non rich people own houses. If your average person buys a house for 200k, it goes up to 400k and then they have to move to an identical house also costing 400k, getting a bill for 200k of income is going to annoy them. Just one example why gains are taxed differently.
- skyyler 2y ago>If your average person buys a house for 200k, it goes up to 400k and then they have to move Maybe we should be questioning a system that demands a house double in value in a few years.