most countries in the developed world dont have special carve outs for capital gains and tax them as ordinary income
Instead of making a low-effort post, you could have done a single Google search with any of the obvious keywords and discovered this yourself.
Virtually every country in the developed world has much lower LTCG taxes than income taxes. It is so ubiquitous that I'm not even aware of a counter-example. Quite a few countries in western Europe have lower max LTCG rates than Silicon Valley has today.
That's simply false. The US has the lowest effective individual capital tax rates in the world outside of tax shelter countries. When I was at a firm, I had many (former EU) clients who came to the US who marveled at how low our taxes were here in CA compared to what they were paying at home.
Yes, those rates are higher than the US, but capital gains taxes are lower than wage income taxes.
https://taxsummaries.pwc.com/germany/individual/income-deter...
(Yes, capital gains rates are generally lower than normal income rates everywhere in the world, but the rest of the world also defines capital gains more narrowly than the U.S. does, and for example, sales of startup stock would likely not qualify for cap gains treatment in Germany).
The capital gains rate in the UK is 20%.
https://www.gov.uk/capital-gains-tax/rates
The top capital gains rate in the US is 23.8% + state taxes.
That being said, I'm taking about effective (i.e. Actual tax liabilities) and you are all focusing on theoretical liabilities without understanding that the tax bases are different.
It's honestly not worth the effort to keep correcting all the GUD in this thread.
A tax on, among other things, capital gains. See:
https://www.irs.gov/newsroom/questions-and-answers-on-the-ne...
"8. What is included in Net Investment Income?
In general, investment income includes, but is not limited to: interest, dividends, capital gains..."