Because capital gains taxes really discourage selling which gums up the economy
Wouldn't prices of assets just rise to compensate? People still need liquidity.
From what I understand, this lack of liquidity is not an issue in ‘financial markets’, but can be a problem for other assets such as housing.
Wouldn't prices of assets just rise to compensate? People still need liquidity.
From what I understand, this lack of liquidity is not an issue in ‘financial markets’, but can be a problem for other assets such as housing.