The following video shows why capital gains taxes are unfair. The taxman measures capital gains in nominal inflatable dollars. Inflation robs the investor of gains, but it still looks like a gain. Thus, the investor gets killed by inflation then by capital gains tax and could be left with less than what he had before. Thus, government robs the investor through inflation or through capital gains taxes: pick your poison.
I notice that the government has its hands out in the good times like 2009-10 when my stocks were going up. But this year, when things are going down, what help or reimbursement do they plan to give me? Actually nothing. And you wonder why I hate government?