What is the primary purpose of grandfathering in budgeting?

"To introduce new regulations for all stakeholders" "To ensure equal application of new rules to all" "To protect existing investments from new rule changes" "To increase complexity in financial regulations"

How does grandfathering impact long-term capital gains tax?

"It applies the new tax rate to all investments" "It exempts all investments from capital gains tax" "It allows older investments to be taxed at the previous rate" "It increases the tax rate for all pre-existing investments"

What potential drawback can arise from applying the grandfathering clause?

"Increased market volatility" "Reduced investor confidence" "Unfair advantages for grandfathered entities" "Slower economic growth"

Why is the grandfathering clause important for investors?

"It guarantees higher returns on all investments" "It simplifies the tax code for all investors" "It protects against sudden changes in investment taxation" "It eliminates all risks associated with long-term investments"