Kamala Harris's proposal to tax unrealized capital gains sounds very similar to France's wealth tax. People who don't understand human nature, economics, and math should not be allowed to create tax policy.

Twitter ^ | August 23, 2024 | Daniel Alman from Squirrel Hill @DanielAlmanPGH

[grundle]

Daniel Alman from Squirrel Hill @DanielAlmanPGH

#KamalaHarris's proposal to tax #UnrealizedCapitalGains sounds very similar to #France's #WealthTax.

People who don't undertstand #HumanNature, #Economics, and #Math should not be allowed to create #TaxPolicy.

https://washingtonpost.com/archive/politics/2006/07/16/old-money-new-money-flee-france-and-its-wealth-tax/49ac2ec7-c1b2-423e-a89b-699750275cd4/

#TaxTheRich #Tax #Taxes #KamalaHarris2024

[llevrok]

If the government taxes unrealized crapital gains, will they give you a tax cut on unrealized capital losses? Fair is only fair.

[Chewbarkah]

Harris does not think in terms of wealth creation, just coerced re-distribution of what someone else has created, earned, or saved. Her proposal would unleash enormous volatility into markets, when investors were forced to sell SHORT TERM, for tax avoidance rather than true economic reasons. We need to improve corporate goernance by incentivizing long term thinking, with investors holding companies over a long haul.

Harris would destroy the US economy. I pray for her to crash as people wake up to the threat she poses. We cannot tolerate a communist moron at the helm.

[Fai Mao]

If Hairass is declared the winner in November, regardless of whether there is perceived fraud or not, by the end of December the wife and will be in Shenzhen.

I am not living in Venezuela North.

[kawhill]

That policy would bankrupt me and every other farmer/rancher I know. With the high input costs the Biden/Harris administration have ‘bestowed’ upon me my profit margin is thin now. I’d have to sell all my land. I pay enough property taxes to the county now just to ‘rent’ the land from them for another year.