300 Page Capital Gains PF Update

This update covers the following:
*Uniqueness evidence from late January — growth high, plenty of capital investment now, plenty of capital availability now
*State spending — Many states, including California and New York, have high capital gains taxes that fund many programs and support their budgets
*Innovation good/bad — some biotech and AI specific evidence
*Economic downturns undermine inequality
*General evidence about the impact of CGT on investment
*Inequality answers
*Federal deficit updates
*Potential infrastructure spending trade-off DA