More Dem. so-called “progressive” class warfare, aimed at Brits this time. The capital “gains” tax is among the biggest ripoffs there are. The “gains” do not account for inflation, so the payer is coerced to pay money as “tax” (more likely a transfer payment to some other person) for something that never existed. Debunking Myth after Myth in Financial Times Column by Former Clinton White House Economist « International Liberty.