Paul Krugman

@paulkrugman ↗

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Last Checked Sept. 22, 2020

Created

Sun Sep 01 15:35:37 +0000 2019

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Paul Krugman @paulkrugman

Suppose inflation is 2%, u can borrow at 2%, and have an investment that yields 2% in capital gains. Borrow to invest; this generates no taxable income, but since the full interest cost is deductible, gives you a nice refund from the IRS. 5/ — PolitiTweet.org

Posted Sept. 1, 2019 Hibernated

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Paul Krugman @paulkrugman

Trump's proposal to index capital gains to inflation — even aside from giving the vast bulk of the benefits to the wealthy — falls into that category. Bc capital gains would be indexed, but other things not, huge possibilities for tax arbitrage 4/ — PolitiTweet.org

Posted Sept. 1, 2019 Hibernated

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Paul Krugman @paulkrugman

So there would be huge abuse, huge giveaway to the wealthy, and job creation only for accountants and tax lawyers 6/ — PolitiTweet.org

Posted Sept. 1, 2019 Hibernated