Who would pass these capital gains taxes? Politicians, right? The same ones who can be influenced by lobbyists?
When these laws are passed, will assets be sheltered by accountants?
I know a Bitcoin millionaire. He avoided capital gains taxes this year by upgrading his Jeep. The money that would have gone to taxes, he used instead for upgrades, because of a loophole that permits upgrades to be taxed at a much lower rate.
They’re smart, the rich.