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A comment on Washington state approves capital gains tax. Parent comment

Re:Washington state approves capital gains tax by loeg on Friday April 30, 2021 @09:54PM (#27002147)
2x inflation over 10 years would require something like 7.2% annualized inflation. We're nowhere near that and haven't been for decades. Average over the last 20 years is around 3%, and it's been even lower over the past decade.

4x requires historically high inflation over a decade.

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Re:Washington state approves capital gains tax by imtringued on Saturday May 01, 2021 @12:10PM (#27007424)
It's also unlike a wealth tax in the sense that you are not approaching a legislated minimum. If there is 1000x inflation you still only lose the capital gains taxes. If the government introduces a 5% wealth tax you lose everything after 100 years.
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