Should Capital Gains even exist?

We have long been critics of the taxation system in general, primarily on the basis that the tax base doesn’t make sense, it should be focused more on sustainable and easily interpreted taxation, Site Value Tax, taxes on any activity which takes away from another party (carbon taxes, pollution taxes etc.) and finally on consumption. The idea being to cut Government spending according to the cloth available rather than the current approach which is to tax until you find the money available to meet the budget.

Dan Mitchell of the Cato Institute has a video below which spells it out.

Read More