this post was submitted on 19 Jun 2023
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I think it will fix a tax hole that encourages investing in non-productive assets, which will improve our economy by increasing investment into productive assets.
Have a think about this - given that experts in the field all believe that we should have a CGT, what do you know that they don't? Do you know of a remotely convincing argument for having a hole that encourages investment in non-productive assets?
On a side note: You'll have a much easier time understanding the world if you realise not everything is black and white. Outlawing murder didn't fix all our societal woes, but that's doesn't mean it was a bad idea.
What do you mean by " investing in non productive assets"? Can you give some examples?
Has it done this in other countries when it was introduced?
This is economics. For every "expert" there is an equal and opposite "expert". What do you know that the opposing experts don't?
it did fix some of our societal laws. This was demonstrated in places where it was outlawed.
Do you know of a remotely convincing argument for having a hole that encourages investment in non-productive assets?
Define "investment in non productive assets".