Thank you so much for the question.
I think there are many different ways in which wealthy people are continuing to amass even more wealth. We see it with very high salaries for C-suite executives, which keep climbing. Even in situations where companies are actually laying people off, CEOs make massive bonuses in those years. There are different types of mechanisms to compensate C-suite executives. Some of those are done in such a way that it reduces the tax burden on that income because different categories of income are taxed differently.
My understanding is that a pretty significant chunk of those people in the top 1.5% have capital gains of over $250,000 a year. I think some speculate that part of the reason is that a shift is occurring and there's a preference for receiving income as capital gains over salary, for example, because it's taxed at a lower rate. My view is that by making the inclusion rate fairer, hopefully you can address that, at least to some degree.
I'm personally in agreement with Ms. Yetman that we could go even further, actually.
