I'm more worried about the people making (net worth increasing) $100 million per year, 1351 times the average income, or as much as an entire town. Or $2 billion per year, which would take twenty seven thousand years for someone to earn at a median wage.
If you're earning as much every year as the average person earns in 27000 years of working, perhaps we should raise taxes on that a bit and not allow reduced-rate capital gains and tax-free loans.
I agree that capital gains should be taxed more - its strange how income (work) is taxed higher than money sitting in accounts, doing nothing.
> income (work) is taxed higher than money sitting in accounts, doing nothing
It's not money just sitting in accounts. It's just the paper value of the stock that Pichai or whoever owns, which ultimately is a fractional share of Google the company, which presumably is engaging in productive enterprise[0]. And stock grants are taxed; you definitely can't dodge the tax man that easily.
[0]: Now, you could definitely argue that the value that Google provides to the world is less than what its market capitalization would indicate, and I certainly have a sympathetic view to that. But it's individual market participants that decide what that value is.