I mean judging by this graph, if CGT was an important factor in a thriving economy, we wouldn't be sucking so hard and Northern Europe and Ireland would be destitute. So yeah, you probably don't want to go nuts with it, but if you take some more of that money from the Richy Riches and use it to, I don't know, give nurses enough money to live on, it just might be better for all of us.
https://taxfoundation.org/capital-ga...n-europe-2021/