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Reply to "What’s going on with the two bills?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]The wealth tax on billions is just dumb. That will never pass and only reinforce how much Democratic leadership cant get anything done[/quote] It is a tax on unrealized gains, which is absolutely insane. So, it is a tax on wealth earned ON PAPER, but not in reality. So the value of a stock can go up one year - causing a huge tax on the increase, but drop drastically the next year. Will they also get a refund in the event of losses? [/quote] I’m sure the surface thinking feels (key word feels) that this is great, i.e. ‘yeah, tax those billionaires!’. They don’t understand that these billionaires will first engage in massive selloff before the law hits the books and the little guy will pay dearly for that.[/quote]
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