> The truly wealthy people do not gain their wealth through income. They get it through capital gains ( stocks, homes, asset value increases ). Capital gains (

> The truly wealthy people do not gain their wealth through income. They get it through capital gains ( stocks, homes, asset value increases ). Capital gains ( long term ) are taxed at 20%. That just means that the capital gains tax needs to be made progressive like income tax to cover those people. If we're reforming income tax, there's no reason to not reform the capital gains tax at the same time.