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.
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.