though; the topic is pretty esoteric and theoretical. Most people don't even understand the concept of marginal tax rates. I had one relative after another agitated on social media about Bernie and AOC's advocacy of a huge increase in taxes for income over $10M (I can't recall the percentage but let's say it was 70%). Every one of them was out there saying, "I can't afford a 70% tax rate!!" Yeah, not a one of them gets anywhere close to that in a given year, regardless of whether anyone thinks it's a good idea or not.

So from a political perspective, it makes sense to just say "lower taxes" or "tax the millionaires and billionaires." It gets people riled up. But not as much the rhetoric of white resentment or racism or socialism or abortion...name the red meat topic. It's how you get people to vote against their own interests. It's also what sells.

The actual capital gains rate and the mechanics of it needs to be factored into the overall tax policies we want to pursue, and it a good topic for the Senate Finance committee or something. Should people be aware? Yes. I wish they were more aware. They aren't which is why the tax code is structured to appeal to wealthy special interests.