So the idea is that cap gains tax inhibits economic flow and vitality.
Remove tax and get more economic activity, which is better than less.
Discussion
But doesn’t this just increase sell pressure? Keep the cap gains tax as high as you want for the next 10 years.. not planning for on selling anytime soon anyway
The selling impulse unleashed by capital gains reduction is a good point.
If cap gains are held constant then price increase remains the main driver of coin redistribution.