Re:SF’s Housing Crisis Explained
by Houshalter on Tuesday April 15, 2014 @06:33AM
(#7591128)
Only a tax on holding currency, not wealth in general (assets and investments.) And many people argue that is just as bad.
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Inflation itself is a tax on holding currency or currency-denominated assets, and that's certainly an important point. The combination of inflation and a capital gains tax would seem to produce an implicit tax on wealth in general, right?