Tag: capital gains
Without homeownership, it’s hard to save. When thinking about the future of Social Security, one concern should be whether future cohorts will have comparable assets to people retiring today. Today, a major component of the typical retired household’s portfolio is their home. In fact, the house is the major asset for most families. But today…
But inflation adjusting is only one of several possible changes. The current tax cut proposal to adjust capital gains for inflation sent me scurrying back to stuff I wrote in the 1970s when all sorts of proposals were being considered to deal with high inflation. What was true then, and remains true today, is that…
