https://x.com/stormrobinson/status/1826023881859375241
How would Kamala’s tax on unrealized gains even work? Let’s say you buy $1000 worth of stock in 2025. In 2026, the value of that stock is $1100 so you owe Kamala $25 (25% of the $100 unrealized gain). Now say the value of that investment drops back to $1000 in 2027. Does Kamala give you your $25 bucks back? What if the stock goes even lower?
What if you have $100k in assets in 2025 and in 2026 the value of your portfolio grows to $110k. Now you owe Kamala $2500. You either pay that from your income or cash savings or you have to sell enough assets to cover a tax on an investment you haven’t even taken profits on yet. Let’s say you don’t have the free cash on hand so you have to sell enough assets to cover the tax. Is the sale on those assets you sold to pay taxes on unrealized gains in 2026 now subject to the 44.6% capital gains tax in 2027? If so, that’s another $1115 dollars you owe Kamala.
Communism sucks.
“How would Kamala’s tax on unrealized gains even work?”
Oh, my gosh! I’ve had an epiphany. (Or, possibly gas.)
People reenact historical events. They dress up in costumes and play out Civil War battles or The French Revolution or whatever. There’s nothing original in these reenactments. There can’t be or they wouldn’t be a reenactment. The Democrats aren’t trying to come up with new, workable policies. They’re reenacting some idealized version of Marxism because “this time we’re doing it right.”