Timmy ElsewhereJanuary 28, 2008 Tim WorstallTimmy Elsewhere1 CommentAt The Register. Explaining the politics of CGT to geeks. previousVery FunnynextTwo Sons? 1 thought on “Timmy Elsewhere” Kay Tie January 28, 2008 at 8:59 pm Taxing inflation “gains” is the most damaging thing a CGT regime can do: it’s a stealth wealth tax. If inflation is 5%, and CGT is ~20%, then Britain has a de facto wealth tax of 2%. Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment Name * Email * Website Save my name, email, and website in this browser for the next time I comment.