> Capital gains are risky to generate. Many investments completely fail and when that happens, investors get very little tax relief.
You seem to conflate and misunderstand a few things here. For one, capital gains are paid out from profits, so they leave the company's budget and are not part of investment.
Secondly, holding stock and stock trading has been immensely profitable, relatively low risk and require little if done reasonably and over long periods.
More and more studies are affirming that simply buying index funds and holding them over long periods is _less_ risky than buying bonds.
> Tax rates are carefully tuned to maximize tax revenue without unduly disincentivizing production.
They reflect power relations and tax competition more than anything.
> To change them purely based on vibes would be catastrophically stupid.
Not based on "vibes". The people who actually generate wealth are workers and consumers, not stock holders.
> Please don't vote.
We should mutually respect our rights to vote even if we disagree.
You seem to conflate and misunderstand a few things here. For one, capital gains are paid out from profits, so they leave the company's budget and are not part of investment.
Secondly, holding stock and stock trading has been immensely profitable, relatively low risk and require little if done reasonably and over long periods.
More and more studies are affirming that simply buying index funds and holding them over long periods is _less_ risky than buying bonds.
> Tax rates are carefully tuned to maximize tax revenue without unduly disincentivizing production.
They reflect power relations and tax competition more than anything.
> To change them purely based on vibes would be catastrophically stupid.
Not based on "vibes". The people who actually generate wealth are workers and consumers, not stock holders.
> Please don't vote.
We should mutually respect our rights to vote even if we disagree.