I totally hear you. But the issue is that it isn't your capital at risk. The reason we have a different rate for capital vs labor is to incentivize people to put up their own capital. To invest in America. For whatever reason, we have decided to tax people's labor at a different, higher rate. Your labor is your labor. Investing other people's money isn't a special form of labor. And getting rid of carried interest doesn't change the incentives for *investors* to put up their money. The only shift would be in the incentive for you to decide to choose a profession managing other people's money. And if you're doing it for the tax break, well, that means the system is rewarding tax arbitrage, not actual investment risk.
Real estate agents take no risk. Investors can work for years and make nothing because of outside market forces.
Also, inflation eats away at capital locked up over time. “Labor” is an immediate payout.
We need to incentivize risk taking and long time horizons.