re: #330 Obdicut

You weren’t talking about capital gains when you made your first reference to inflation, and it’s dishonest to pretend you were. You were talking about the Bush tax cuts, which are not capital gains tax cuts.

If you assume 100% inflation, which is not something that we have in the US.

Sure. Not a big problem with that, since inflation doesn’t reach the insane levels you’re claiming in the US.

Which is probably why I’m making it in a low-inflation economy.

100% inflation over the course of a DECADE is quite different from 100% inflation in one year. You just forgot that, right?

We do not NOW have 100% inflation per decade. We’ve had it before, though, with Carter. Looking forward, and keeping in mind how sharply the money supply has been increased, it’s not unreasonable to think we may see it again. Hence, the need to index capital gains for inflation when moving away from current law to instead treat capital gains the same as other income.