Well full title is "Biden to propose capital gains tax of 39.6% to fund education and child care, reports say". So your question is how Biden lovers here can love him when he proposes to raise taxes on top 0.3% of millionaires to fund education and child care?
... mmm,
why can't you just think of the children!!!???... the original income tax Act that was bought in at same time as the Federal Reserve Act was specifically for only the very highest income earners and politicians swore black and blue it would only ever be a tax for the very richest .... today everybody pays income taxes.
... this thing has got legs because the actual power behind Biden is not the wealthy elite but the powerful statists inside government that had him installed in a fraudulent election they signed off on. Police States do weird and wonderful things, the roller coaster has reached the top of the climb, it gets freaky from here on out as we freewheel into full governmental insanity.
So the argument against the tax that'd benefit lower 99.7% by making top 0.3% of population (which constantly sees its wealth increase disproportionally to the rest) pay higher tax is that it's a gateway
drug tax? First them then everyone else?
In 1978, the top 0.1% owned about 7% of the nation’s wealth. In 2019, the latest year of data available, they own nearly 20%.
https://www.theguardian.com/commentisfree/2021/mar/29/rich-poor-gap-wealth-inequality-bernie-sandersGuessing currently it's probably around 25% after this stellar year of ATH markets during the pandemic. I pick my battles and i got better things to do than standing up for the top 0.3%
If you don't see the issue with current distribution of wealth, is there a point at which you believe it would become an issue? Would you be fine with top 0.1% owning 30% of all of the wealth? 50%? But i'm glad to know that when i'm ready to withdraw millions in cap gains/yr that there'll always be a lot of poor (to me) people helping me protect my gains against their own best interests. Just hope that by then i won't have to drive in armored vehicle with armed guards between my gated community and my yacht club. cause you know, those poor plebs can do desperate things