Here’s a thought. Most Reps/Senators make millions as “public servants” and many stay until death in office as long as they are re-elected (Byrd, McCain, others) not to mention the “retirement packages” and death benefits they receive- continued salaries after leaving office, so why not extend the “Capital gains” to include accumulated wealth by Politicians?
I would suggest that any and all gains made during “public service” are subject to the capital gains tax rate plus 25% upon retirement from the senate or house or upon their death if they pass while in office.
The only reason politicians pass the laws they do is that they are exempt from the impacts. When you tie the pain to their actions, maybe they will look to truly serve the public rather than themselves.
rather than taxing the payoffs from Federal bribes, we could all just ban them and enforce the law?
What a novel idea!!
Hi Cliff -
That ship has sailed. Public “servant”??!?!?!? Another oxymoron when it comes to politicians.