Doesn't Capital Gains Tax Already Tax the Rich?
The charge is attached to an event. A shareholding that doubles and stays where it is meets no capital gains charge, so the honest version of the objection is about timing.
Haven't Wealthy People Already Paid Income Tax?
The objection starts from something true: salaries, dividends, gains and estates all meet a tax. Income is taxed as a flow, wealth is a stock, and the receipt for one does not settle the other.
