I've heard many businessmen say making money is making money....in fact I lifted that quote pretty much word for word from Mark Cuban.
What about someone who is 10 years away from retirement and has an investment portfolio that he could sell off now at a 15% cap gains tax or wait and sell it at a 25% rate. Why wouldn't they sell now and reinvest under the new tax code? Why would they reinvest at all?
We aren't talking about a billionaire here either, we are talking about your parents.
Raising the tax rate for the 1% is about symbolism, it's not a solution. Can we get an actual solution already?