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2 [40 marks]: ...Another common objection to capital gains tax reform is the perception that only a small number of high-income earners realize capital gains

2 [40 marks]: "...Another common objection to capital gains tax reform is the perception that only a small number of high-income earners realize capital gains and therefore will stand to benefit..." Do you agree with this statement? Discuss (Hint make sure you bring out the argument for and against the statement above) [Not less than 400 words: Not less than 4 references]

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