> And, hedge fund folks aside, long-term capital gains are also the taxes that apply to retirees drawing income from years of investments. Raising those rates w

> And, hedge fund folks aside, long-term capital gains are also the taxes that apply to retirees drawing income from years of investments. Raising those rates would cause serious problems for folks who have already done all their financial planning and investing, and cannot afford to pay higher taxes. Tax-sheltered vehicles such as IRAs and 401Ks already exist specifically for retirement. That's unrelated to the issue of preferential tax treatment for capital gains, which is not limited to retirees and is completely regressive, privileging those who already have access to capital over those who rely on their labor for income.