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'This Is Insanity': Democrats Discuss New Plan to Help Pay for Massive Spending Bill - An annual tax on unrealized capital gains on liquid assets for the very rich.
Townhall ^
| 10/25/2021
| Leah Barkoukis
Posted on 10/25/2021 7:11:58 AM PDT by SeekAndFind
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To: SeekAndFind
hahah will they refund the tax if the unrealized gains turn into losses in the future?
To: SeekAndFind
hahah will they refund the tax if the unrealized gains turn into losses in the future?
To: SuperLuminal
Remember the “luxury tax”? It was a tax on high end boats, airplanes and jewelry. Well, the “rich” quit buying these items and it hurt the people who work in those industries.
This is a wealth tax. IF they get a wealth tax it will have to migrate down to people with smaller net worth.
63
posted on
10/26/2021 6:47:11 AM PDT
by
Texas resident
(Sucks to be named Brandon now)
To: Texas resident
It was a tax on high end boats, airplanes and jewelry. Well, the “rich” quit buying these items
You forgot to add the word "domestically" to your post.
The boat manufacturers off-shore did just fine.
The rich don't follow anyone else's plans. They create their own plans. That is how they got rich and/or stay rich.
64
posted on
10/26/2021 6:51:53 AM PDT
by
cgbg
(A kleptocracy--if they can keep it. Think of it as the Cantillon Effect in action.)
To: BobL
The “repercussions” are that the rich have to chat with their tax attorney to find a creative way not to pay the taxes.
Billionaires didn’t get to be billionaires by paying lots of taxes.
65
posted on
10/26/2021 6:59:47 AM PDT
by
cgbg
(A kleptocracy--if they can keep it. Think of it as the Cantillon Effect in action.)
To: SeekAndFind
Is democrat desperation based on hidden money in the bill financing commie dreams?
66
posted on
10/26/2021 7:08:50 AM PDT
by
GOPJ
(Military suicide deaths last year: 580 - by COVID:56 https://www.youtube.com/watch?v=wOC_dcuJO48)
To: Texas resident
"IF they get a wealth tax it will have to migrate down to people with smaller net worth." Yep!
Same old crap every time...
67
posted on
10/26/2021 10:00:45 AM PDT
by
SuperLuminal
(Where is another Sam Adams now that we desperately need him?)
To: janetjanet998
Watching the Yellen video confirms that a complete moron can become Treasury Secretary.
68
posted on
10/26/2021 10:39:52 AM PDT
by
damper99
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