If she is the nominee this cannot be let go. Press this policy because it’s quite immoral. I heard her say she wants to follow the wealth anywhere in the world... Seriously, a gang or IRS employees who are following rich people and their assets anywhere in the world so they can get their 3% yearly cut? The wealth theoretically shrinks each year because you took a chunk last year ( from the same pie). This is wrong on so many levels. I really hope that’s not where the country is
Don’t forget the Fed is printing money into oblivion.
Thus, there is an average 2% depreciation a year. So add her new tax starting at 2%, then you really need 5% annual increase to move up 1%.