A good taxation policy avoids penalising productivity and taxes 'unproductive' profits.
CGT is an example of this insofar as it taxes - as politicalcompass.org so eloquently puts it - "people who simply manipulate money and contribute nothing to their society"
Taxation should be levied, generally, against unproductive profits. This has a two-fold effect of both dis-incentivising unproductive spending (e.g. what one might call "hoarding" or "banking") and incentivising genuine productivity.
It should be because the rich regularly use this as a loophole to avoid paying taxes and that is fact and proven that they do this
@9FX6GCGPeace and Freedom7mos7MO
inflationary gains are taxed, gains on corporate stock are taxed twice, and the tax is often unnecessarily complex.
@9FZWSRC6mos6MO
This will have a greater effect on richer people than poor, making them more likely to pay their fair share.
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