Why Biden Must Avoid Repeating the Mistakes of the 2008-2009 Financial C...

People who talk about raising the tax on capital gains simply are unaware of how the market works.  You don't raise taxes on capital gains because it very often takes losses to take down a win.  Meaning that raising taxes on capital gains is a good way of throwing cold water on investing overall.  I'll agree that the market looks like an easy mark for higher taxes, but that's only to people who are not involved in the market at all.  No one wins all the time in the market, but people on the sidelines see only the biggest winners and hear the best stories, thus they get the impression that the market is all a field of dreams.  Believe me, it's anything but a field of dreams.  But, it does make it possible for startups and other businesses to raise much-needed capital based solely on the publics' hope of future gains.