ribit,
"...if cap gains were that high, no one would invest in anything."
Not true, think about it, how low is the interest we are 'earning' on our savings accts, its like warm spit.
Look at the low returns on bonds.
Yet folks continue to put money in their savings accounts & folks invest in bonds.
Even at a 50% tax, the capital gains returns are higher then the savings accts & bonds.

DO SOMETHING!