this post was submitted on 14 Jul 2026
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Work Reform
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A place to discuss positive changes that can make work more equitable, and to vent about current practices. We are NOT against work; we just want the fruits of our labor to be recognized better.
Our Philosophies:
- All workers must be paid a living wage for their labor.
- Income inequality is the main cause of lower living standards.
- Workers must join together and fight back for what is rightfully theirs.
- We must not be divided and conquered. Workers gain the most when they focus on unifying issues.
Our Goals
- Higher wages for underpaid workers.
- Better worker representation, including but not limited to unions.
- Better and fewer working hours.
- Stimulating a massive wave of worker organizing in the United States and beyond.
- Organizing and supporting political causes and campaigns that put workers first.
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Explain please? It's about the tax rate between those two? I thought the problem with CGT is that people dodge it by taking loans secured by their capital/stock. This does not seem to fix this problem...
“Normal” people do not avoid paying these taxes by taking loans with their accounts as collateral. That applies only to multi-billionaires.
Most people pay a lower tax rate on long-term capital gains as compared to income. Raising this rate could discourage investing.
Most people don't have enough capital gains to tax. If they do have capital gains it's either in there house and unrealized or in a retirement account and deferred. Raising the capital gains tax almost exclusively targets the wealthy, not necessarily billionaires but still top quintile.
What else are people going to do with there money then? Keep it in cash and lose even more of it to inflation then you would with the tax?
LTCG means that I can 15% or 20% (depending on income) on selling stock even if I'm otherwise in a high tax bracket. Why should I get to have a massive tax break just because I already have a lot of income? There's nothing special about my income from stock vs. my income from employment other than I work a hell of a lot harder for my income from employment than I do my income from stock.
0% if your taxable income is under $96,700 as a married, filing jointly household.