Wednesday, March 21, 2018

Ridiculous idea

Larry Kudlow, the new director of the National Economic Council for President Donald Trump, wants to change capital-gains taxes by indexing them to inflation.
There is no inflation index compatible with an arbitrary set of public corporations. Government has no business pegging to an arbitrarily thing called inflation.

Larry us a dunce and anyone who thought a bit about government inflation pegging should figure it out. 

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