You are ignorant and have no clue what capital gains are. Capital gains are not "taken out".
Capital gains are from WHEN YOU SELL AN ASSET.
Do you even know what capital is?
And people DO NOT SELL ASSETS when capital gains taxes are high thus stagnating the economy.
How do people get the capital they invest in assets? Pick it from trees? Find it on the side of the road? Save it from hard work?
Everytime someone sells something they INVESTED IN and receive a profit that is a capital gain. The lower the chances of making a profit then the less capital goes into investing in assets. And that means less jobs.
If there were no capital gains taxes then how many people would sell their assets and how would that affect the economy? And why would folks sell assets if there were notaxes on them? And if there were no future capital gains taxes then guess where those folks would put ALL of their capital to invest? And what does capital in the economy do when invested?
Economics 101 is available at your local community college. You need it bad.
I made all A's in economics in college.
Capital gains should be taxed as income if they are not re-invested in one year.
Then they are income.
That makes no sense.
1. Part of all capital gains is just inflation - the investor is being taxed real money on something that partly isn't a real gain.
2. All of the money (at least for capital gains on stocks) has already been taxed at the corporate level.
3. Unlike eg wages, capital gains requires in a time deferment in the realization of the gain. Treating it just like wages takes no account of this deferment and is therefore unfair.
If the fact that most Americans are clueless like Chris and we are in the situation we are in now because of such financial ignorance was not reality reading his posts would be comedy.