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… Read more »
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… Read more »
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… Read more »
Another Socialistic plan by Comrade Kamala to steal you savings and retirement! A vote for Kamala is a vote against YOURSELF! Wake up people!!!! You can vote yourself into Socialism which is 0-41 but you have to shoot you way out! Name one successful Socialized Country……. I’ll wait.
You have socialized War, America. Why are we all paying for War on the Poorest People on the Planet? Trillions and ENDLESS Trillions for War: All Socialized. Then we have this problem of socializing: Banker Bailouts , Banker Welfare and Corporate tax-freedom for the corporation/billionaire class. I can only call this: Satanism; because “Communism and Socialism” are both Steps up… Read more »