The obvious, but necessary to say.
I would just add that both parties' presidents had a hand, even for this mere sketch of tax history, as Clinton's name figures large here too.
The really big point that should be made, on a related subject, ie where these profits and gains come from, is that capital gains come now mostly from large MNCs' operations, whose production facilities, and large sectors of their markets, are now largely offshore, or are foreign nationals' MNCs, so the super rich have been selling out the middle and lower classes here, now, for several decades at least, actually since the 50s and 60s, if you know a little history.
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