A few words of warning from #Australia about the #CapitalGainsTax that #Biden is proposing.

It may be okay in itself, but no matter how the #tax is applied, if you give them a chance to offset their gains with loses, you still end up with the biggest, most #wellConnected #kleptocrats finding mates to lose money too, to circumvent paying tax.

It really does become a game, a racket, to these players.

A #ProgressiveLandTax on #RentalValue is fairest.

#taxation #profitLossTaxation #landTax