It has always seemed fundamentally wrong to me that capital gains should be taxed at a lower rate that wages and salaries. I also am very confused by the claim that the rich are paying double taxation on their capital gains. Isn't it true that they pay taxes ony on what their investments earn. They have already paid taxes on the capital they used for their investments and that money is not taxed again, only the profits. If i have this wrong, then someone please let me know. The only double taxation I can think of is inheritace taxes, and the rich are able to avoid most all of that with proper estate planning, such as trusts.
There's almost no chance other rich people will join in. Their mantra seems to be 'I have mine now you get yours". The majority have no social conscience. I remember Craig Nelson of Coach fame saying that he had been of food stamps and welfare and there had been no safety net for him. I don't think he ever understood the irony of his words.
k. have you watched "Hans Rosling's Yardstick of Wealth - Don't Panic - The Truth About Population - BBC Two"? He has a new series coming that address the gap between rich and poor. This first short snip illustrated that the rich see, and what the poor see. A difference of perception made clear.