I don't think I'm going to be a billionaire someday, and if I did I couldn't care less about tax rates.
I do think however that maybe I'll be able to retire some day before I die. But the likelihood of this is very much affected by LTCG rate, wouldn't you agree?
Now how is it even fair that long term capital gains taxes even exist? I make some money, I pay taxes on it. I buy whatever instrument I hope will be the best at preserving the value of it (since I know if I just stuff the money under the mattress, I won't be able to buy much with it in say 40 years). After 40 years, the nominal price of the thing I bought will have gone up, chiefly due to inflation. When I sell it, I pay taxes again. How is it not double taxation?
I do think however that maybe I'll be able to retire some day before I die. But the likelihood of this is very much affected by LTCG rate, wouldn't you agree?
Now how is it even fair that long term capital gains taxes even exist? I make some money, I pay taxes on it. I buy whatever instrument I hope will be the best at preserving the value of it (since I know if I just stuff the money under the mattress, I won't be able to buy much with it in say 40 years). After 40 years, the nominal price of the thing I bought will have gone up, chiefly due to inflation. When I sell it, I pay taxes again. How is it not double taxation?