My biggest issue with capital gains is that they’re usually taxed lower than labour gains. I think that should be reversed. If capital gains were heavily taxed and that tax was used to better the community then I think it would have more justification.
This is exactly the issue. It is what divides the upper from the lower classes. When you are the asset any issues in your life are compounded and there is no liquidation option like you have when its all assets. The safety nets are so drastically different between with what level of “becoming whole again” that its ridiculous we have gotten this far with capital gains not being seen as a real privilege. But that is why we are seeing a major generational gap between the realization of how bad things have gotten.
This is exactly the issue. It is what divides the upper from the lower classes. When you are the asset any issues in your life are compounded and there is no liquidation option like you have when its all assets. The safety nets are so drastically different between with what level of “becoming whole again” that its ridiculous we have gotten this far with capital gains not being seen as a real privilege. But that is why we are seeing a major generational gap between the realization of how bad things have gotten.