That’s not at all the issue. You’re talking about individuals paying high personal taxes, high VAT, and high local taxes for a lifetime without complaint. Also Scandinavia has some meaningful issues of immigration & welfare.
The issue is taxing unrealized gains (stocks and property). You need post-tax money to pay taxes on the gross pre-capital-gains-tax value of assets before you make money on them. It’s highly punitive for certain kinds of entrepreneurs and portfolios, and fundamentally unfair.
Grading/graduating capital gains taxes to bake the pain into the process of realizing gains would make a lot more sense IMO. It’s not about dodging paying even an excess share, it’s about avoiding economic self-sabotage.
The issue is taxing unrealized gains (stocks and property). You need post-tax money to pay taxes on the gross pre-capital-gains-tax value of assets before you make money on them. It’s highly punitive for certain kinds of entrepreneurs and portfolios, and fundamentally unfair.
Grading/graduating capital gains taxes to bake the pain into the process of realizing gains would make a lot more sense IMO. It’s not about dodging paying even an excess share, it’s about avoiding economic self-sabotage.