The bogus concept of “capital gains” needs to be changed. Unless someone invest in a pre-IPO company, or purchases stock during the IPO, capital gains should

The bogus concept of “capital gains” needs to be changed. Unless someone invest in a pre-IPO company, or purchases stock during the IPO, capital gains should not apply. Buying stock on the market is not investing a company, unless the company gets the cash it’s not a capital investment. Buying and selling stock regardless of how long it’s held is not a capital investment. Also the selling of stock should be subject to state sales tax. The simple fact that your home isn’t consider a capital investment, but a boat is a capital investment is proof that it’s just a tax dodge for the rich.