If the government goes after billionaires unrealized capital gains what will stop them from eventually going after the middle class and their unrealized capital gains?
“If the government goes after billionaires unrealized capital gains what will stop them from eventually going after the middle class and their unrealized capital gains?”
Perhaps, but it was billionaires who stole the election from Trump, probably more than any other group. They can STEW in this tax and they can fight it. I’m sick of defending them.
As to the middle class, we have FAR MORE near-term tax threats than a billionaires tax eventually drifting down to our brackets...starting with basic income taxes, carbon taxes, driving (mileage) taxes, meat taxes - the list is endless.
“If the government goes after billionaires unrealized capital gains what will stop them from eventually going after the middle class and their unrealized capital gains?”
If tomorrow the government confiscated the wealth of the top 1000 Americans, it still would be less than 1% of the national debt.
It is like a death tax without having to go cold.
But what If I own ZXZ company on the NYSE....and I've $2 k profit in it...but I still own it.
Are they going to tax me on this un-realized gain??????
What if I don't sell it and down the road I held for a loss....but I've already been taxed?!?!!?
These people are nuts.....