Let's Stop the Greatest Theft in the History of HumankindQuicklink submitted by Margaret Bassett Permalink
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|S&P 500 Index of American equities today is worth what it was in 1997, after adjusting for inflation (and a pensioner who sells stock purchased in 1997 will pay a 20% capital gains tax on an illusory inflationary gain of 40%). Home prices doubled between 1997 and 2007 before falling by more than 20%, with no floor in sight.Canadian economists Reuven and Gabrielle Brenner wrote (with Aaron Brown), A World of Chance.|
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