But if you sell that stock at $200, you pay capital gains tax on the difference between $100 and $200. And that's a phantom gain. And so what I believe is You ought to index capital gains to inflation, which means whatever the inflation is, you raise the basis. you raise the cost of, of whatever it is you've invested. That would have a massive positive stimulus effect for the economy. And affordability is a huge issue for the voters. (14:26–14:33)
CLAIM
Asserts that capital gains should be indexed to inflation to stimulate the economy.
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