The tax increase is not targeted as much at standard fundamental equity or even scientific equity as much as it is targeted at VC, other non-VC PE and probably the largest segment Real Estate.
I'm not endorsing the tax increase, rather I am stating that the approach you used to say it shouldn't exist really isn't proven by the market.
In my opinion, the best reason to oppose the tax increase would be to say that it may temporarily decrease real estate transaction volumes and may permanently decrease RE churn which will reduce a lot of income for fee based services like RE brokerage, bankers, title companies etc. Further putting pressure on an already depressed job market.
I'm not endorsing the tax increase, rather I am stating that the approach you used to say it shouldn't exist really isn't proven by the market.
In my opinion, the best reason to oppose the tax increase would be to say that it may temporarily decrease real estate transaction volumes and may permanently decrease RE churn which will reduce a lot of income for fee based services like RE brokerage, bankers, title companies etc. Further putting pressure on an already depressed job market.