Capital gains tax in the US is among the top in the world, and if you live in California I believe it's #2 considering the state's 13.3% addition. You're right

Capital gains tax in the US is among the top in the world, and if you live in California I believe it's #2 considering the state's 13.3% addition. You're right that net worth taxes are non-starter virtually everywhere, that's one thing both parties will always agree on. Reid is only worth about $10M at 78 years old, not exactly massively wealthy, it brings him just barely into the 1%.