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by Nevermark 286 days ago
The point wasn't to suggest doing that.

It was to point out, that giving asset sales an insurance break, or risk break, would only makes sense if we gave working people gapped-income and risk breaks.

Which is to say, that neither makes sense.

The way I would put it is, money inflates if you simply hold it, but it has time value almost always greater than inflation. If you don't at least do that, you are choosing to waste value.

So giving a tax break for inflation would be giving people a break on losses, that capitalism already accounts for. Such as naturally higher interest rates when inflation is higher.

(Yes return on asset balancing mechanisms are not perfect in time, but as noted, neither is employment.)