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Taxing Gains to Rebalance Wealth
Description
The federal budget’s new tax on investment gains is hitting young investors hard—especially those who turned to stocks during the pandemic to build wealth or save for homes. While older asset holders are largely shielded, newcomers face higher taxes on stock sales, sparking fears about startups, stock options, and talent retention. Critics argue this shift rebalances a system that long favored work over wealth, helping curb soaring housing prices—but at the cost of slowing financial mobility for the next generation. It’s a tough trade-off: fairness for future generations vs. immediate pain for those just starting out.
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