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I agree, the thought of merely holding money being a taxable event seems weird (speaking as an American). That said, it's a great way to ensure that people don'
by sgk284 13y ago
I agree, the thought of merely holding money being a taxable event seems weird (speaking as an American). That said, it's a great way to ensure that people don't hoard cash and instead spend it or invest it (in theory, keeping the economy moving).
- justinhj 13y agoWell if you put it into a bank account the money will actually be being invested by the bank anyway.