Belmont Club

By Richard Fernandez

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The Library of Babel

August 18, 2008 - 5:53 pm - by Richard Fernandez
bobal
2008-08-19 22:37:12

My pet peeve is the capital gains tax as it applies to real property. I said to my accountant one day, it’s a tax on inflation. He had a better phrase, it’s a tax on the passage of time.