>So in this example, half of the putative "gain" is actually inflation.
Is this an issue in practice? Like I get if I have an asset that meets inflation for a decade than I'll lose value through the taxation. But that would be a bad investment, wouldn't it?
Is this an issue in practice? Like I get if I have an asset that meets inflation for a decade than I'll lose value through the taxation. But that would be a bad investment, wouldn't it?