Government Legislated Robbery

Many western governments attempt to sustain a two percent annual rate of inflation or thereabouts.  That works out to a twenty percent imaginary capital gain in the value of assets per decade.  No problem if your government doesn’t impose a punitive tax on capital gains.

When you tax inflation what do you get?  Legal  government ROBBERY.

But in fact it’s robbery and rape too.  All innovation grinds to a halt when governments place onerous taxes on their citizens.  Real genius flees from countries that legally rip off the taxpayers.   Russia has done this for centuries.  This explains why Russians forever trail behind the rest of the developed world.

I am a Canadian and sad to say that a capital gains tax was imposed here decades ago.  The resulting talent exodus was mind blowing.  Canadians who left have generated vast resource wealth all over the world at Canada’s expense.

Politicians are not stupid.  Just greedy.