The vast majority of retirement funds for "regular working people" are in 401k's and IRA's where in the end the capital gains and dividends are taxed as REGULAR INCOME when the funds are withdrawn.
ALL of the funds in a tax-exempt account, irrespective of how they were accumulated, will eventually be taxed at exactly the SAME rate, the rate that you would have paid if these had been NORMAL WAGES. So you're wrong, the majority of "regular working people", even those with retirement accounts, will NOT see one single cent more income as a result of reducing the taxes imposed on capital gains or dividends. And by the same token, if these taxes are RAISED on capital gains or dividends the majority of "regular working people" will NOT lose a single cent of income.

OCU