One-Sided Capital-Gains Tax, by Henry Hazlitt, THE FREEMAN

The Freeman • 56 Years, 639 Issues, 9,179 Articles, 40,767pp

← Previous ArticleEntire IssueNext Article →

One-Sided Capital-Gains Tax

Inflation gives the illusion of capital gains; the tax is real.

by Henry Hazlitt

The Freeman, May 1969, pp. 270-271

Show MoreShow AllFinding...Find More

[+]
Issues of the 1950s = 5 Years, 51 Issues, 736 Articles
1. [+]
  Issues of 1955 = 3 Issues, 55 Articles
2. [+]
  Issues of 1956 = 12 Issues, 183 Articles
3. [+]
  Issues of 1957 = 12 Issues, 164 Articles
4. [+]
  Issues of 1958 = 12 Issues, 165 Articles
5. [+]
  Issues of 1959 = 12 Issues, 169 Articles
[+]
Issues of the 1960s = 10 Years, 120 Issues, 1,393 Articles
1. [+]
  Issues of 1960 = 12 Issues, 158 Articles
2. [+]
  Issues of 1961 = 12 Issues, 157 Articles
3. [+]
  Issues of 1962 = 12 Issues, 162 Articles
4. [+]
  Issues of 1963 = 12 Issues, 138 Articles
5. [+]
  Issues of 1964 = 12 Issues, 131 Articles
6. [+]
  Issues of 1965 = 12 Issues, 129 Articles
7. [+]
  Issues of 1966 = 12 Issues, 121 Articles
8. [+]
  Issues of 1967 = 12 Issues, 129 Articles
9. [+]
  Issues of 1968 = 12 Issues, 134 Articles
10. [+]
  Issues of 1969 = 12 Issues, 134 Articles
  1. [+]
    January 1969 Issue = 10 Articles
    1. The Collective Guilt Myth by William Henry Chamberlin, pp. 3-9
    2. The Only Kind of People There Are by Roger J. Williams, pp. 10-13
    3. The Rise and Fall of England: 11. The Fabian Thrust to Socialism by Clarence B. Carson, pp. 14-24
    4. The Free Society and Its Enemies by Tibor R. Machan, pp. 25-27
    5. Marx's View of the Division of Labor by Gary North, pp. 28-35
    6. How We Discourage Investment by Henry Hazlitt, pp. 36-37
    7. Education in America: 4. The Decline of Intellect by George Charles Roche III, pp. 38-47
    8. In Praise of the Conventional Wisdom by Jack McCroskey, pp. 48-52
    9. An Inquiry Concerning Inequality by W.A. Paton, pp. 53-60
    10. [+]
      A Power for Peace by John Chamberlain, pp. 61-64 - 1 Review
      1. War, Peace, and the Presidency by Henry Paolucci
  2. [+]
    February 1969 Issue = 10 Articles
    1. From Spencer's 1884 to Orwell's 1984 by Henry Hazlitt, pp. 67-75
    2. Our Saving Grace by Paul L. Poirot, pp. 76-80
    3. The Rise and Fall of England: 12. The Fabian Program by Clarence B. Carson, pp. 81-90
    4. The Squeeze on the Middle Class by William Henry Chamberlin, pp. 91-97
    5. Consider Your Stand by Gottfried Dietze, pp. 98-100
    6. Education in America: 5. Discipline or Disaster? by George Charles Roche III, pp. 101-108
    7. Pricing Ourselves Out of World Markets? by M.E. Cravens, pp. 109-112
    8. Technological Status by John W. Campbell, pp. 113-122
    9. [+]
      Webster's 1828 Original by John Chamberlain, pp. 123-125 - 1 Review
      1. Noah Webster's First Edition of an American Dictionary of the English Language by Noah Webster
    10. [+]
      2 Reviews The Birth of the Nation, by Arthur M. Schlesinger by Robert M. Thornton, pp. 126-128 - 2 Reviews
      1. The Birth of the Nation by Arthur M. Schlesinger
      2. The America We Lost by Mario Pei
  3. [+]
    March 1969 Issue = 12 Articles
    1. The Alienated American by Linda Darling, pp. 131-135
    2. Education in America: 6. The Perpetual Adolescent by George Charles Roche III, pp. 136-144
    3. Tenure by Thomas L. Johnson, pp. 145-148
    4. Training in Trust by Harold O.J. Brown, pp. 149-155
    5. Distinguished Everybodies by Archie Peace, pp. 156-157
    6. The Rise and Fall of England: 13. Reform Ideas into Political Action by Clarence B. Carson, pp. 158-170
    7. A Housing Policy for Great Britain by J. Enoch Powell, pp. 171-175
    8. Hands Off Southern Africa by William Henry Chamberlin, pp. 176-182
    9. Dynamics of the Free Market by Robert H. Eagle, pp. 183-185
    10. [+]
      Tribalism in Africa by John Chamberlain, pp. 186-188 - 1 Review
      1. The Third World by Franco Nogueira
    11. [+]
      Review Dagger in the Heart, by Mario Lazo by Bettina Bien, pp. 189-190 - 1 Review
      1. Dagger in the Heart by Mario Lazo
    12. [+]
      Review The American University, by Jacques Barzun by Robert M. Thornton and Edmund A. Opitz, pp. 191-192 - 1 Review
      1. The American University by Jacques Barzun
  4. [+]
    April 1969 Issue = 11 Articles
    1. Uruguay: Welfare State Gone Wild by Henry Hazlitt, pp. 195-202
    2. A Defeat on the Home Front by James E. McAdoo, pp. 203-204
    3. The Rise and Fall of England: 14. The Decline of England by Clarence B. Carson, pp. 205-218
    4. Why Have an Electoral College? by Bertel M. Sparks, pp. 219-223
    5. Repressed Depression by Gary North, pp. 224-233
    6. Medical Care Is Not a Right by Charles W. Johnson, pp. 234-235
    7. Our Totalitarian Radicals by William Henry Chamberlin, pp. 236-242
    8. Education in America: 7. Why Institutionalize Our Errors? by George Charles Roche III, pp. 243-250
    9. Peace or Politics by Frank Chodorov, pp. 251-252
    10. [+]
      The Southern Tradition at Bay by John Chamberlain, pp. 253-255 - 1 Review
      1. The Southern Tradition at Bay by Richard M. Weaver, George Core, and M.E. Bradford, ...
    11. [+]
      Review Res Republica, by Thomas O. McWhorter by Sam R. Fisher, p. 256 - 1 Review
      1. Res Republica by Thomas O. McWhorter
  5. [+]
    May 1969 Issue = 12 Articles
    1. Speakman 100 by Dean Russell, pp. 259-262
    2. Urban Renewal and the Doctrine of Sunk Costs by Gary North, pp. 263-269
    3. One-Sided Capital-Gains Tax by Henry Hazlitt, pp. 270-271
    4. Education in America: 8. The Multiversity by George Charles Roche III, pp. 272-279
    5. Activist Judges and the Rule of Law by Edward F. Cummerford, pp. 280-283
    6. The Out-of-Bounds Dilemma by Leonard E. Read, pp. 284-290
    7. The Failing Dynamo by William Henry Chamberlin, pp. 291-296
    8. Spend Now, Pay Later! by Paul L. Poirot, pp. 297-299
    9. The Rise and Fall of England: 15. Socialism in Power by Clarence B. Carson, pp. 300-309
    10. Progress by IPA Facts, p. 310
    11. As Tocqueville Saw Us by Alexander Winston, pp. 311-316
    12. [+]
      Book Review by John Chamberlain, pp. 317-320 - 1 Review
      1. Essentials of Economics by Faustino Ballve
  6. [+]
    June 1969 Issue = 9 Articles
    1. A Capitalist Manifesto by William Henry Chamberlin, pp. 323-330
    2. Combinations in Restraint of Trade by Paul L. Poirot, pp. 331-334
    3. The Rise and Fall of England: 16. The Fall of England (Part I) by Clarence B. Carson, pp. 335-345
    4. The Intellect in Utopia by Roger Donway, pp. 346-351
    5. The Right to Health by Thomas S. Szasz, M.D., pp. 352-362
    6. Education in America: 9. Academic Freedom for What? by George Charles Roche III, pp. 363-369
    7. The Fallacy of "Intrinsic Value" by Gary North, pp. 370-375
    8. [+]
      Review The Coming Aristocracy, by Leonard E. Read by John Chamberlain, pp. 376-378 - 1 Review
      1. The Coming Aristocracy by Leonard E. Read
    9. [+]
      2 Reviews Dollars and Deficits, by Milton Friedman by Henry Hazlitt, pp. 379-384 - 2 Reviews
      1. Dollars and Deficits by Milton Friedman
      2. So Human an Animal by Rene J. Dubos
  7. [+]
    July 1969 Issue = 11 Articles
    1. The Free Market - What it is - What it implies by Tom Rose, pp. 387-392
    2. The Bent Ruler by John R. Gearhart, pp. 393-396
    3. Education in America: 10. Revolt on Campus by George Charles Roche III, pp. 397-405
    4. Beneath the Gap by John C. Sparks, pp. 406-409
    5. Socialism and Beyond by Edmund A. Opitz, pp. 410-424
    6. Fear Smallness, Not Bigness by Leonard E. Read, pp. 425-426
    7. The Rise and Fall of England: 17. The Fall of England (Conclusion) by Clarence B. Carson, pp. 427-435
    8. Political Interference in Medicine by Richard E. Hunt, pp. 436-438
    9. Hong Kong: A Case Study in Market Development by Sudha R. Shenoy, pp. 439-443
    10. [+]
      Review The Strange World of Ivan Ivanov, by G. Warren... by John Chamberlain, pp. 444-446 - 1 Review
      1. The Strange World of Ivan Ivanov by G. Warren Nutter
    11. [+]
      2 Reviews Edmund Burke: A Genius Reconsidered, by Russel... by Edmund A. Opitz, pp. 447-448 - 2 Reviews
      1. Edmund Burke: A Genius Reconsidered by Russell Kirk
      2. The Specious Origins of Liberalism by Anthony M. Ludovici
  8. [+]
    August 1969 Issue = 11 Articles
    1. Floating Exchange Rates by J. Enoch Powell, pp. 451-460
    2. Capital Gains by George Hagedorn, pp. 461-463
    3. Money and the Market by Paul L. Poirot, pp. 464-469
    4. The Forgotten Man by William Graham Sumner, pp. 470-480
    5. Protected to Death by Henry Hazlitt, pp. 481-482
    6. The Best Audience Is One! by Leonard E. Read, pp. 483-487
    7. Tariff War, Libertarian Style by Gary North, pp. 488-496
    8. Education in America: 11. Creativity by George Charles Roche III, pp. 497-503
    9. The Consequences Are Absolute by June I. Ward, pp. 504-506
    10. [+]
      Bastiat's Influence by John Chamberlain, pp. 507-509 - 1 Review
      1. Frederic Bastiat by Dean Russell
    11. [+]
      3 Reviews The Economy of Cities, by Jane Jacobs by Robert M. Thornton, pp. 510-512 - 3 Reviews
      1. The Economy of Cities by Jane Jacobs
      2. Free Speech and Plain Language by Albert Jay Nock
      3. The Book of Journeyman by Albert Jay Nock
  9. [+]
    September 1969 Issue = 11 Articles
    1. Value-the Soul of Economics by W.H. Pitt, pp. 515-518
    2. Student Power and All That by Benjamin A. Rogge, pp. 519-521
    3. Freedom Is Responsibility by Bertel M. Sparks, pp. 522-528
    4. Two Concepts of Equality by Edmund A. Opitz, pp. 529-540
    5. On Economic Rights by David Kelley, pp. 541-545
    6. Education in America:12.A Philosophy of Growth by George Charles Roche III, pp. 546-553
    7. Two Mad to Laugh! by D. Elton Trueblood, pp. 554-555
    8. Tax Policy by Hans F. Sennholz, pp. 556-563
    9. Beyond the Law, pp. 564-572
    10. [+]
      Treaty-Reliance a Disease by John Chamberlain, pp. 573-575 - 1 Review
      1. The Treaty Trap by Laurence W. Beilenson
    11. [+]
      Review Enemies of the Permanent Things, by Russell Kirk by Robert M. Thornton, p. 576 - 1 Review
      1. Enemies of the Permanent Things by Russell Kirk
  10. [+]
    October 1969 Issue = 12 Articles
    1. The Libertarian Philosophy by Benjamin A. Rogge, pp. 579-584
    2. The Great Depression by Hans F. Sennholz, pp. 585-596
    3. Socialized Airwaves by Jerry Emanuelson, pp. 597-598
    4. Gold's Dust by Gary North, pp. 599-607
    5. Read's Law by Leonard E. Read, pp. 608-610
    6. The Quiet Revolution by Edmund A. Opitz, pp. 611-618
    7. In Doing "One's Own Thing" by Henry Edward Simons, pp. 619-621
    8. Problem or Opportunity? by Clarence B. Carson, pp. 622-628
    9. The Anyones by Al Siebert, p. 629
    10. Problems the Free Market Can't Solve by Paul L. Poirot, pp. 630-635
    11. [+]
      Review Education in America, by George Charles Roche by John Chamberlain, pp. 636-639 - 1 Review
      1. Education in America by George Charles Roche
    12. [+]
      Review The Man from Monticello, by Thomas J. Fleming by Robert M. Thornton, p. 640 - 1 Review
      1. The Man from Monticello by Thomas J. Fleming
  11. [+]
    November 1969 Issue = 12 Articles
    1. Let Us Give Thanks by Donna Thompson, pp. 643-644
    2. The Golden Calf by Walter R. Youngquist, pp. 645-651
    3. She Says My House Is Dark by Benjamin N. Woodson, pp. 652-654
    4. The Non-System by Martin F. Schaffer, p. 655
    5. Free Market Disciplines by Leonard E. Read, pp. 656-661
    6. The Battle in the Streets by Clarence B. Carson, pp. 662-669
    7. The Value of Money by Hans F. Sennholz, pp. 670-678
    8. Unknown Costs of Pollution by Howard Callaway, pp. 679-682
    9. The Mythology of Spaceship Earth by Gary North, pp. 683-691
    10. Good Sense Makes Good Business! by Helen Bugbee, pp. 692-697
    11. William Henry Chamberlin:1897-1969, pp. 698-700
    12. [+]
      Book Review by John Chamberlain, pp. 701-704 - 1 Review
      1. The War on the Poor by Clarence Buford Carson
  12. [+]
    December 1969 Issue = 13 Articles
    1. A Democratic Dilemma by Morris C. Shumiatcher, Q.C., pp. 707-713
    2. Pyramids All Over the Place by Leonard E. Read, pp. 714-716
    3. Inflationism as Political Policy by J.H. Peters, pp. 717-724
    4. The Price of Liberty by Paul L. Poirot, pp. 725-729
    5. Our Inalienable Rights by Park Chamberlain, pp. 730-731
    6. Instinct and Ethics by Edmund A. Opitz, pp. 732-740
    7. A Difficult Question by Stanley Yankus, pp. 741-743
    8. The Art of Iconoclasm by Orien Johnson, pp. 744-749
    9. Who Pays Taxes - and How? by Lemuel R. Boulware, pp. 750-751
    10. A Free Lance in the Free Market by Robert G. Bearce, pp. 752-756
    11. [+]
      Welfarism and Beyond by John Chamberlain, pp. 757-759 - 1 Review
      1. Countdown to Chaos by Jeffrey St. John
    12. [+]
      Review The Truth about Boulwarism, by Lemuel R. Boulware by Edmund A. Opitz, p. 760 - 1 Review
      1. The Truth about Boulwarism by Lemuel R. Boulware
    13. Index for 1969, pp. 761-768
[+]
Issues of the 1970s = 10 Years, 120 Issues, 1,212 Articles
1. [+]
  Issues of 1970 = 12 Issues, 114 Articles
2. [+]
  Issues of 1971 = 12 Issues, 122 Articles
3. [+]
  Issues of 1972 = 12 Issues, 113 Articles
4. [+]
  Issues of 1973 = 12 Issues, 123 Articles
5. [+]
  Issues of 1974 = 12 Issues, 144 Articles
6. [+]
  Issues of 1975 = 12 Issues, 119 Articles
7. [+]
  Issues of 1976 = 12 Issues, 122 Articles
8. [+]
  Issues of 1977 = 12 Issues, 119 Articles
9. [+]
  Issues of 1978 = 12 Issues, 121 Articles
10. [+]
  Issues of 1979 = 12 Issues, 115 Articles
[+]
Issues of the 1980s = 10 Years, 120 Issues, 1,251 Articles
1. [+]
  Issues of 1980 = 12 Issues, 128 Articles
2. [+]
  Issues of 1981 = 12 Issues, 131 Articles
3. [+]
  Issues of 1982 = 12 Issues, 119 Articles
4. [+]
  Issues of 1983 = 12 Issues, 118 Articles
5. [+]
  Issues of 1984 = 12 Issues, 133 Articles
6. [+]
  Issues of 1985 = 12 Issues, 126 Articles
7. [+]
  Issues of 1986 = 12 Issues, 110 Articles
8. [+]
  Issues of 1987 = 12 Issues, 114 Articles
9. [+]
  Issues of 1988 = 12 Issues, 137 Articles
10. [+]
  Issues of 1989 = 12 Issues, 135 Articles
[+]
Issues of the 1990s = 10 Years, 120 Issues, 2,259 Articles
1. [+]
  Issues of 1990 = 12 Issues, 129 Articles
2. [+]
  Issues of 1991 = 12 Issues, 145 Articles
3. [+]
  Issues of 1992 = 12 Issues, 162 Articles
4. [+]
  Issues of 1993 = 12 Issues, 141 Articles
5. [+]
  Issues of 1994 = 12 Issues, 223 Articles
6. [+]
  Issues of 1995 = 12 Issues, 297 Articles
7. [+]
  Issues of 1996 = 12 Issues, 302 Articles
8. [+]
  Issues of 1997 = 12 Issues, 269 Articles
9. [+]
  Issues of 1998 = 12 Issues, 283 Articles
10. [+]
  Issues of 1999 = 12 Issues, 308 Articles
[+]
Issues of the 2000s = 10 Years, 107 Issues, 2,309 Articles
1. [+]
  Issues of 2000 = 12 Issues, 312 Articles
2. [+]
  Issues of 2001 = 12 Issues, 309 Articles
3. [+]
  Issues of 2002 = 12 Issues, 325 Articles
4. [+]
  Issues of 2003 = 11 Issues, 252 Articles
5. [+]
  Issues of 2004 = 10 Issues, 189 Articles
6. [+]
  Issues of 2005 = 10 Issues, 187 Articles
7. [+]
  Issues of 2006 = 10 Issues, 185 Articles
8. [+]
  Issues of 2007 = 10 Issues, 179 Articles
9. [+]
  Issues of 2008 = 10 Issues, 182 Articles
10. [+]
  Issues of 2009 = 10 Issues, 189 Articles
[+]
Issues of the 2010s = 1 Year, 1 Issue, 19 Articles
1. [+]
  Issues of 2010 = 1 Issue, 19 Articles