America's 1% Has Taken $50T From the Bottom 90%

Re:America's 1% Has Taken $50T From the Bottom 90% by artificialLimbs on Thursday February 11, 2021 @04:50PM (#26107840)

> ...increase the tax on capital gains...

How about proportionally? Stock trading apps now make it easy enough for Joe 6 pack to invest in the market at any income level. I could see a x% higher tax if you're buying 10,000 shares of Amazon, but it seems to me like putting < $1,000 in the market a month should be somewhat painless.

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Re:America's 1% Has Taken $50T From the Bottom 90% by freeone3000 on Thursday February 11, 2021 @06:51PM (#26109159)

Capital gains is still a percentage of earnings and currently caps out at 26%. Hold your stock for a year, and it drops to 13%. Increasing cap gains could be as simple as taxing it the same as regular income.

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Re:America's 1% Has Taken $50T From the Bottom 90% by icedchai on Thursday February 11, 2021 @06:27PM (#26108925)

It became easy over 25 years ago when the first brokerages went online. Is it easier now? Yes. But it's been simple and painless for years.

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Re:America's 1% Has Taken $50T From the Bottom 90% by pnutjam on Friday February 12, 2021 @01:01PM (#26116519)

You know most American's can't cover a $400 unexpected bill. Try <$100, which is still a stretch for many.

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