> In the past, in the US, capital gains wasn't taxed at all because it was considered double taxation (since the investment was already taxed) The same thing c

> In the past, in the US, capital gains wasn't taxed at all because it was considered double taxation (since the investment was already taxed) The same thing can be said about every tax ever. Every time you tax money as it changes hands, that same money has changed hands before and was probably taxed then.