The U.S. government has 4 levers to pull:

1. Raise Taxes
2. Cut Spending
3. Print Money
4. Lower Interest Rates

The money printer is exhausted. Rates are at 0%.

We won't cut spending, so the only thing we can do now is increase taxes.

By increasing capital gains taxes, we're giving the government more responsibility in allocating our own money. Reducing the incentive for investment in American innovation.

Do you want to give more money to a bureaucracy with perverse incentives and limited accountability?

Biden's proposed budget for next year in $1.5 Trillion.

How do we measure the return? How much waste is there? Go to the DMV and you'll see how efficient the government is.

Here's a graph which shows how the budget increase (a bit outdated, but you get the point).

As @DavidSacks pointed out last week, Federal spending as a % of GDP is at 30%.

The only other time we've been this high was during WWII.

What war are we fighting right now that we should be spending all this money on?!

We need to stop the Trillion dollar budgets.

First, define the role of government. Is their role to protect us? Provide us with healthcare? etc.

Define priorities & function of government priorities. Then use a zero-based budgeting approach. Every dollar needs to be justified

There will be pain when we cut spending in certain areas. It doesn't matter. It's the right thing to do. Our current path is unsustainable.

Raising capital gains tax is not the right solution. We're transferring productive capital allocation to unproductive spending.

I wrote more about this here, if you'd like to check it out: https://www.rohunjauhar.com/posts/capital-gains-incentives