The capital gains tax is hilarious. I wish some public figure would put out a public service announcement where they explain it “Bruh, if you buy $100 worth of stock, and then you sell it for $200, then you get to keep $185 (netting $85 in profit). If you think this is a problem, you are either a demon or a moron.”
They defend billionaires because they have this insane forlorn fantasy that they could just suddenly have to care about the capitol gains tax.
The capital gains tax is hilarious. I wish some public figure would put out a public service announcement where they explain it “Bruh, if you buy $100 worth of stock, and then you sell it for $200, then you get to keep $185 (netting $85 in profit). If you think this is a problem, you are either a demon or a moron.”
Except of course if you buy that stock and sell it short term its still taxed normally.