This is something I never see mentioned so I'm curious what brought it up. Are you personally paying a lot of taxes or so much that you can't afford other things or is this a thing peers talk about? Is this a state or federal thing?
Think for a second, if someone wants child care -- they must pay enough not only to satisfy the worker's basic needs but also the worker's income tax, business taxes, property taxes of the daycare, government mandated licensing and bonding, etc. None of those get recorded as 'taxes' the person contracting that service has paid, but really they are also paying those.
Given how little most of the lower pay workers have extra to work with, and how little they get in government services for what they pay, I don't think it's much a stretch for them to think taxes are holding them back. Being able open up saving even couple percent of income massively improves your financial safety and cushion at those brackets.
So to whine about them shows a baseline belief that income should not be taxed at all, I guess?
Regardless of how hard you worked or what you deserve, having 30k in capital gains puts you into a very, very, verrry small minority of americans.
The amounts you paid in capital gains are about 50% higher than I've ever paid. That was the second year I worked at a big tech company and suddenly had stock, which was about a decade into an my extremely lucrative career as a software developer. Most of my friends don't have to deal with capital gains at all because they're not part of the investor class. On average the rates of trading must be much lower for people in their 20s, no?
> high housing costs which driven up by overregulation, entitlements to retirees and H1B/immigrant cases driving down wages
Anyone I talk to under 40 despairs at low wages, rising prices, and a political class that is incapable of going after blatant corruption, especially those identified in the Epstein files.
There is more anger at capitalism and billionaires (capitalists in the Marxist sense) than in any time in living memory. The notion that young people are generally upset about regulation, entitlement and H1B visas is laughably out of touch. It might be true for a tiny number of spoiled techies in the Bay Area! But outside SF, Seattle and NYC, young people are angry about a lot of things, and strong regulation and generous benefits are about the last of them.