capital gains tax should decline with income not increase. if youre rich its prima facie evidence that your better at allocating capital than people who are poor. "bluh bluh what if its inherited wealth" yeah dude you know what else is heritable? capital allocation acumen
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The rich really do excel at tax avoidance, there should be an annual award show that offers recognition for their talents
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there is..
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Capital gains taxes are surtaxes. capital acquired with taxed income, by those with high incomes, progressively taxed. The best way to avoid cap gains tax is dying so both anti-tax billionaires and tax the rich types are hoping for the same outcome, the death of billionaires.
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