I'm pulling an all nighter to finish one of my classes tonight in which I will recommend to reduce income inequality in this country by taxing capital gains as income, and then added two new tax brackets at 600k a year and 1.5 mil a year respectively, to be taxed at 42% and 52%. I would love to know why this might be a bad idea. I don't need to know before my paper though so no rush! I just would like an alternate perspective for myself.