I thought this bit in the latest piece by @pluralistic speaks best to the CPC's obsession with slashing the capital gains tax, here talking about a book by Ray Madoff and the US reality:
For tax purposes, dividends are "ordinary income," meaning that they are taxed at up to 37%. Meanwhile, if you sell your shares after a stock buyback juices the price, the profits are treated as "capital gains," whose tax rate caps out at about half that (20%). This means that shareholders pay half the tax on money that comes from strip-mining a company than they would get from money derived from managing a company for sustainable growth.
https://pluralistic.net/2026/02/02/corprophagia/#that-makes-me-smart
If you want to encourage the development of industry at home, government policy should reflect that with incentives for people to want to stay in business, rather than cash out at the earliest convenience.
Vampire capitalism is the worst capitalism.