Exactly right. Capital gains tax needs to be abolished. Uncle Sugar is always palms up and gimme dat when you are successful and niggardly with credits palms down don’t know you when you lose.
You have already paid tax on the at risk money you invested and put at risk. Uncle Sugar didn’t do a damn thing but watch when you invested it and potentially lost all you invested.
The inflation indexing needs to apply to EVERYTHING as well.
Every year Uncle Sugar comes to your door and holds a gun to your head demanding a tribute. It is theft they have made all nice and “legal”
They will do whatever they want to do. Grousing is a waste of time and so is writing “your” congressman. “Your” ccongressman is owned by someone else from the day he is selected.
No different then how they handle the budget.
When it’s great times they should be paying off debt and stocking up a safety net.
When it’s lean times they should use the safety net and not issue more debt.
Of course what they do instead is:
In great times issue more debt, since they have better credit, and spend even more
In lean times issue more debt and increase taxes, because no programs can be allowed to be cut.