Originally Posted by
biscuit
One problem with that is that the increase in value of an asset doesn't necessarily provide cashflow to pay tax. Also, many assets go up in value over time above the rate of inflation because some poor bugger has invested their time and energy into building them up - something you are unlikely to get a tax credit for. Personally, I would be very reluctant to encourage politicians to see assets as a source of Government revenue. Also - we might all be better off if we taxed things that don't "increase wealth"