Oddbean new post about | logout
 Thanks to inflation, in the near future, the average American will earn at least $100,000,000 per year. 
 Reminds me of that Akroyd-as-Carter SNL skit... 
 Jimmy Carter was the second best president we had since Nixon. Its a shame he couldn't fight the banks, weapons manufacturers and their media cabal 
 When I was a kid everyone dreamed of becoming a millionaire. Now dozens of my acquaintances are.  How did they do it?  They were minding there own business at their homes that they've owned for 30+ years and one day someone knocked and the door and said "this place is now worth a million dollars.  If you want to keep it we'll send you a bill". 
 And the government will take a quarter of that for unrealized capital gains.

I really would like details on what percentage of capital gains taxes are on real capital gains instead of fake gains due to the destruction of our currency.  I'm guessing a lot.  Majority?  Wouldn't surprise me.