Do you guys see what’s going on here? They’re INTENTIONALLY talking about their WEALTH instead of their INCOME, as they want to instigate a WEALTH tax, and need public outcry to get it done. So, they pump out stories like this, hoping to garner public support for it.
I own some Bitcoin. On May 18th one could say I was wealthy. Today, not so much. My tax liability hasn’t changed a penny.
That’s exactly the point. Elizabeth Warren has already been on social medial with the “this is why we have to enact a wealth tax” line.
The real target isn’t the billionaires though. It’s the middle class’s brokerage accounts and 401k’s. She wants to tax unrealized gains, and that’s incredibly dangerous to both liberty and the economy.