2min chapter

The Joe Walker Podcast cover image

Housing Bubble Week Epilogue: Not All Bubbles Are Created Equal - Vernon Smith

The Joe Walker Podcast

CHAPTER

The Tax Policy Change That Sweetens the Deal on the Resale Value of Housing

I don't see logically any different, any reason to distinguish between capital gains and income. The thing is business income, you see, the problem is we tax business income. And that means that we tax corporate profits as profits and then we tax it again when it's paid out as dividends to the shareholders. That double taxation is coming right out of investment and growth and jobs. I think it's a bad idea.

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