Cato Institute’s Adam Michel and I have a new piece out at Civitas on what the abundance conversation is still overlooking.
I'd guess the same. Still, for areas where prices have shot up, allowing inflation-adjustment & an IRA style rollover would make sense.
Provide evidence that cap gains causes people to not sell and in particular with regard to less job mobility.
Yes. I'm open to the idea that tax policy creates problems for building housing, but I would have thought that the $500,000 exemption for capital gains on owner-occupied housing would be sufficient to take care of most of the problem.
Replace income tax (including cap gains) with the Land Value Tax. See George, Henry.
"It says very little about the tax code, which often works in the same direction, quietly undermining supply, investment, and mobility."
"Quietly?" :) Screaming out loud!
Item:
Taxes personal income not personal consumption pogressively
Taxes business income
Deficit of 6% of GDP means borrowing from investors to pay for current expenditures
I'd guess the same. Still, for areas where prices have shot up, allowing inflation-adjustment & an IRA style rollover would make sense.
Provide evidence that cap gains causes people to not sell and in particular with regard to less job mobility.
Yes. I'm open to the idea that tax policy creates problems for building housing, but I would have thought that the $500,000 exemption for capital gains on owner-occupied housing would be sufficient to take care of most of the problem.
Replace income tax (including cap gains) with the Land Value Tax. See George, Henry.
"It says very little about the tax code, which often works in the same direction, quietly undermining supply, investment, and mobility."
"Quietly?" :) Screaming out loud!
Item:
Taxes personal income not personal consumption pogressively
Taxes business income
Deficit of 6% of GDP means borrowing from investors to pay for current expenditures