A good taxation policy avoids penalising productivity and taxes 'unproductive' profits.
CGT is an example of this insofar as it taxes - as politicalcompass.org so eloquently puts it - "people who simply manipulate money and contribute nothing to their society"
Taxation should be levied, generally, against unproductive profits. This has a two-fold effect of both dis-incentivising unproductive spending (e.g. what one might call "hoarding" or "banking") and incentivising genuine productivity.
@9FZWSRC2yrs2Y
This will have a greater effect on richer people than poor, making them more likely to pay their fair share.
It should be because the rich regularly use this as a loophole to avoid paying taxes and that is fact and proven that they do this
inflationary gains are taxed, gains on corporate stock are taxed twice, and the tax is often unnecessarily complex.
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