> Both Bill Gates and Warren Buffett have said they should be. So? How does this appeal to authority meaningfully prove that it should be done? I'm sure Bill G

> Both Bill Gates and Warren Buffett have said they should be. So? How does this appeal to authority meaningfully prove that it should be done? I'm sure Bill Gates and Warren Buffett believe a lot of things. Two (extremely) rich guys saying something is not a proper foundation for economic policy. You didn't actually stake a claim about capital gains and its causal effect on quality of life in the United States. Can you point to something concrete, instead of just dropping in words like "hedge funds" and "2008"? For example, something you might start with is the extent to which hedge funds have been a net loss specifically for pension plans, retirement IRAs and university endowments across the industry (that's off the top of my head, I don't know how effective an argument this is). This is one direction that I could see the financial services industry getting overzealous, in that the pursuit of fewer investors to manage with greater pools of money leads to institutional aggregations of non-accredited investors being impacted. But this strikes me as an issue with that issue specifically, not capital gains.