“25% tax on unrealized gains”
If the tax rate on unrealized gains is greater than the tax rate on realized gains, then you might as well sell all your stocks and mutual funds. Middle class stock ownership will be a thing of the past. The stock market will fall, as it did in the great depression. What to do with your money after cashing out? Put it under a mattress? Buy gold?
If the Democrats pull back from a 25% tax and go down to 10% tax, the lowest tax rate, stocks will still be depressed, but there might be a more orderly exit from the stock market.
I wonder if the fat cat Democrats are noticing what’s going on. Perhaps they don’t care. With most Americans rendered as poor as Mexicans, day care costs for their children will be less.
So when she would start liquidating our financial assets?
Correction to last paragraph:
“So when should we start liquidating our financial assets?”