If someone sells their house after 20 or 30 years (of inflation) and the house has doubled or tripled in price, what should they be taxed at? Second question, apply the same to a long term investment in a corporation. What about short term gains, do you think someone who doubles their money in currency speculation should have their gain taxed as income? Last question, what would you do about double taxation of dividends (corporate income plus personal income), should dividends get any kind of break?
And yours?
BTW, that's a trick question so I'll give you a few seconds to think about it.