Why is that nickel nuts? Why would you let a stock investor pay half the rate of somebody that works their ass off and earns the money? Thrill me you lil bookkeeper you.
Holy crap you cannot be this dumb. It's impossible.
1) Companies are made of people. People who "work their ass off".
2) Many companies go public and issue stock - cash that helps them invest in their business so more people can "work their ass off" and earn a living.
3) Investors (including funds) buy those stocks based on risk/reward. They look at the overall health of the company and try to assess the potential future direction and value of their investment.
4) Capital gains taxes hurt the profitability of these investments. It reduces the liquid gains to a private or institutional investor, incentivising them to look elsewhere to invest their money...making it harder for companies to generate cash flow by issuing shares, hurting both the employee and the employer.
5) FURTHERMORE, the poor sap "working his ass off" spends their entire career saving money in blended funds and individual stocks with POST TAX MONEY - only to see half of everything they make go back to the gov't.
6) None of this addresses the way that high Capital Gains taxes hurt profits made from home sales - driving up the cost of housing in a market where young people already don't think they'll ever be able to buy a home (remember that video you posted?).
In short - you don't understand that Capital gains taxes a pervasive and affect even the little guy. The only people they don't affect are extremely poor people who can't afford to save anything for retirement and never own a home, but those people are not what should drive economic and tax policy in a capitalist economy....which we're rapidly transitioning away from with support from voters like you.
There should be an IQ test to vote...
