To: President Donald Trump
Raise the value of People
We believe that the capital gains tax exemption distorts the values that we want to support. It is important to repeal any capital gains exemptions in our federal tax code.
Why is this important?
We need to repeal the capital gains exemption in the federal tax code. The capital gains exemption reduces the tax rate of income from capital gains. This raises the value of money and reduces the value of people's labor. This tax exemption distorts values by inflating the value of capital items and diminishing the value of labor.