“The Harris-endorsed budget calls for an annual 25 percent minimum tax on the unrealized gains of individuals with income and assets that exceeding $100 million. Once in place, it won’t be long before the threshold is lowered to hit more and more Americans.”
It doesn’t matter even if they keep that high threshold.
Those very large holders will, since they are paying the tax anyway, liquidate those assets. And they will find a different place to put those oceans of money so they never have to pay that tax again.
And all markets that hold your little guy investments will go straight to hell. 401ks and IRAs insurance etc. The resulting deflation will then destroy the value of your home.
This is the worst financial idea anyone ever had.