Kamala Harris’s handlers want her to win with joy, not substance. Her job is to travel around joyfully with Tim Walz to fire up the crowds, not with an agenda but with some ethereal version of hope and change. Substance and truth are missing, and in their place is joy and lots of misinformation, disinformation, outright lies, bald-faced lies, and lies by omission, backed up by fully corporatized media.
Harris won’t tell us what her agenda is; she refuses to answer serious questions, and it’s not as if a serious reporter could get close to her. It’s the basement campaign that Biden ran.
What Unrealized Gains Does
Some people doubt she will tax unrealized gains – gains that do not exist – gains on any appreciating assets – but she will. She has made herself clear in the recent past. Harris will claim it will only be levied against the wealthy. However, no one should lose their rights because they are in a certain tax bracket. Anyway, they’ll take their wealth and leave. Additionally, once this communist value is in our government, it will grow like a fast-spreading cancer as greed sets in.
If the value never materializes, the House wins, you lose.
Do Not Doubt This
As part of its budget proposal for the 2025 fiscal year, the Biden administration was trying to raise an additional $4.3 trillion over ten years in the worst way possible: imposing a minimum tax equal to 25 percent of a taxpayer’s taxable income and unrealized capital gains less the sum of their regular tax, for taxpayers with wealth over $100 million.
A recent analysis by Americans for Tax Fairness estimated that U.S. billionaires and centi-millionaires collectively held at least $8.5 trillion in unrealized capital gains in 2022—a massive untapped source of federal revenue, or is it theft?
Hey at least the ride will be filled with joy pic.twitter.com/tNdiUwT94c
— The Rabbit Hole (@TheRabbitHole84) August 20, 2024
Other Citations
The proposed unrealized capital gains tax isn’t an ‘assumption’ and has been reported by legacy news sources:
https://moodysprivateclient.com/the-biden-administration-is-proposing-a-capital-gains-tax-rate-of-44-6-as-part-of-the-fiscal-year-2025-budget-why-a-record-number-of-american-expats-are-looking-to-renounce-us-citizenship-before-it/ https://www.aier.org/article/unrealized-gains-tax-is-an-economic-fallacy/ https://www.forbes.com/sites/greatspeculations/2024/04/30/americans-overwhelmingly-reject-bidens-plan-to-tax-unsold-assets/ https://www.rawstory.com/let-s-go-top-economist-applauds-as-harris-signals-support-for-billionaires-tax/ https://www.commondreams.org/news/kamala-harris-billionaires-tax https://watcher.guru/news/kamala-harris-supports-president-bidens-44-6-capital-gains-tax-proposal
It’s in the Biden-Harris budget that Harris enthusiastically supported as she cheered for Bidenomics.
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Only complete morons believe that only the rich will be negatively impacted by more and higher taxes. Sadly, the Democratic Party is moron over-loaded. Stand by for FedNOW to get modified to force digitalIDs on everyone and impose a programmable CBDC on the country, which will cause the government to own everyones’ money..
This is one of the most financially destructive policies the demoncrats have come up with yet. This is their tool to steal what little wealth we have been able to accumulate over a lifetime of work. Taxing income is already theft but taxing UNREALIZED income is even worse! They want us all to be serfs/slaves to big daddy government and their friends and families. F*CK all of them. I will die fighting them before I will succumb to this tyranny and why not since they are leaving me with nothing else to lose.
The government by the people, for the prople, is now a communist tyranny.
Take up arms and be prepared to defend yourselves from a government
who has made clear that they will happily kill or enslave you to keep power.
That wasn’t spam, so goodbye, I won’t be back to a site that censors.
What happened? No one spammed you.
I found two of your comments in spam. There was no reason for it. This third-party spam filter does irrational things. Hopefully, it won’t happen again. Right now, no one is being spammed deliberately. No one’s on moderation. It’s just an accident.
Let’s see how they get past this previous 1940 SCOTUS famous ruling:
In Helvering v. Horst, the Court explained:
“Not all economic gain of the taxpayer is taxable income. From the beginning the revenue laws have been interpreted as defining ‘realization’ of income as the taxable event, rather than the acquisition of the right to receive it. And ‘realization’ is not deemed to occur until the income is paid. But the decisions and regulations have consistently recognized that receipt in cash or property is not the only characteristic of realization of income to a taxpayer on the cash receipts basis. Where the taxpayer does not receive payment of income in money or property realization may occur when the last step is taken by which he obtains the fruition of the economic gain which has already accrued to him.”
Good luck getting past that! Don’t the Democrats have lawyers that should be aware of such a famous ruling? Even Amy Coney Barrett would reject an unrealized capital gains tax, despite her move to the left lately.