Without strong political leadership to push for it, tax reform remains just a empty talk, and capital gains tax always stays at the stage of verbal discussion, with real implementation a distant prospect.
If this situation is not broken, America's debt crisis will only worsen. To keep the government running, it can only continue borrowing from the Federal Reserve, which is essentially overdrawing the country's future credit.
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Without strong political leadership to push for it, tax reform remains just a empty talk, and capital gains tax always stays at the stage of verbal discussion, with real implementation a distant prospect.
If this situation is not broken, America's debt crisis will only worsen. To keep the government running, it can only continue borrowing from the Federal Reserve, which is essentially overdrawing the country's future credit.