> IMO, treat it as any other income source You mean treat it like salary? It wouldn't matter. People with that much cap gains would leave investments where the

> IMO, treat it as any other income source You mean treat it like salary? It wouldn't matter. People with that much cap gains would leave investments where they are and take out low-interest loans against it. That's what they do today. Actually, lots of middle class people do (or have done) the same thing with HELOCs. Rather than selling their house for a profit (and paying cap gains), buying a cheaper house, and using the profit to upgrade the cheaper house, they took out a loan against their equity. > why on earth should I pay MORE so people making 100 times what I do get a discount. You imply a causal relationship where none exists.