This is more likely an attempt to make sure the working class does not ever get past that tax bracket and become donors to their competitors. The ultra rich that donates Biden can afford it. Their start up competitors can not.
I think it's more that the finances of the extremely wealthy are nothing like that of us mere mortals, and if you don't know this a simple raising of capital gains tax sounds reasonable because selling your shares is how you would get cash from a modest investment portfolio. Whereas if you're extremely wealthy you have other options.
This is more likely an attempt to make sure the working class does not ever get past that tax bracket and become donors to their competitors. The ultra rich that donates Biden can afford it. Their start up competitors can not.
I think it's more that the finances of the extremely wealthy are nothing like that of us mere mortals, and if you don't know this a simple raising of capital gains tax sounds reasonable because selling your shares is how you would get cash from a modest investment portfolio. Whereas if you're extremely wealthy you have other options.