Investors and traders pay a much lower rate on capital gains than I pay on income. My comment wasn’t meant for brokers who earn transaction commissions or for salaried fund managers, but for the traders whose main income is investment income.
Yep, people who make money from money, used to be a place for legal taxation before the progressive income tax. They should be taxed, just at a fair rate that is better or equal to foreign corporations, or investors have to pay in their country. Otherwise, investment goes away. We do NOT want that.