You nailed it. Artificial "price increase" via fiat printing creates the impetus for a "higher assessement" [property taxes and other fake "capital gains" taxes] in order to eventually take all your actual accumulated wealth/cash via continually higher and higher taxes with no actual increase in the actual value or utility of the underlying asset. This is why "money lenders" have been deported and banned from 171 countries in the last 1000 years for usury, theft, and oppression. I won't say the name because many are pretending and don't really worship God.
Your example of a house appreciating due to inflation and dollar devaluation is so completely different from, say, that of public companies increasing in value for stockholders because of making and selling products that improve people's lives as to constitute a different topic.
Still we agree that "the house is the same" is a true statement. ;)
Capital gains are just an exchange, as well.
You buy a house and sell it at a higher price due to the inflation caused by the devaluation of the US dollar by the Federal Reserve money printing.
The house is the same. No wealth creation.
You nailed it. Artificial "price increase" via fiat printing creates the impetus for a "higher assessement" [property taxes and other fake "capital gains" taxes] in order to eventually take all your actual accumulated wealth/cash via continually higher and higher taxes with no actual increase in the actual value or utility of the underlying asset. This is why "money lenders" have been deported and banned from 171 countries in the last 1000 years for usury, theft, and oppression. I won't say the name because many are pretending and don't really worship God.
Your example of a house appreciating due to inflation and dollar devaluation is so completely different from, say, that of public companies increasing in value for stockholders because of making and selling products that improve people's lives as to constitute a different topic.
Still we agree that "the house is the same" is a true statement. ;)