通货膨涨的效应犹如对债券征税，也如同用岁入来偿还债务。
The effect of inflation is analogous to levying a tax on bonds and using the revenue to pay off debt.
不完善的社会保障制度使居民收入预期不景气，导致利息征税的收入效应呈大于替代效应趋势。
Bad expectation of residents income due to imperfect social security system has leaded to levying interest's income affection being greater than suppression affection.
对资本收入征税，无论在短期还是长期都不利于投资率和经济增长率的提高，长期累积效应为负。
For the Capital income tax rate, no matter in short-term or in long-term, it has a negative effect on investment rate and economic growth, so is the accumulated effect.
对资本收入征税，无论在短期还是长期都不利于投资率和经济增长率的提高，长期累积效应为负。
For the Capital income tax rate, no matter in short-term or in long-term, it has a negative effect on investment rate and economic growth, so is the accumulated effect.
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