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zahlmanyesterday at 9:10 PM1 replyview on HN

Good, productive wealth is expected to accumulate value over time, for example by being invested in someone else's equity or in a worthwhile business venture. If you're sitting on capital that isn't doing that, you've functionally taken it out of the economy, and a well-designed system punishes that.


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cjs_acyesterday at 9:22 PM

Invested capital is not guaranteed to make returns within a tax year. Taxes on capital gains are morally right, but wait until the gain has been realised before levying the tax.

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