Why is it that the (US) government can tax 100% of capital gains but you can only claim $3000 in losses annually?
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Because governments can do whatever they want, but if they want their country to work they need to tax money from some sources to offset the spending they necessarily engage in to maintain their monopoly on violence, without which all of human civilization would collapse. So sometimes, some governments engage in some responsible governance and try to levy taxes in a way that distorts the growth of society in the least offensive way possible, and sometimes that means laying into the people who have gained the most from that society. They don’t have to, they can do whatever they want, laws are all made up by people who have power to do whatever they want, nothing is real
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