You bought 100 shares of Zoom stock in Jan 2020 for $75 per share

Ends year at $350 per share but you didn’t sell giving you an unrealized gain $27.5k

Under Kamala’s plan you owe $6,875 in taxes (25% of $27.5k)

But you didn’t sell so you don’t have the cash. you pay taxes out of savings

You continue to hold until August 2024. Finally sell for $60 per share

You LOST $1,500 on the stock PLUS you paid the taxes on the $27.5k of “gains” you never actually received since they evaporated

The initial tax proposal is only targeting $100M+ but that’s just the start. It opens the gates to lower the threshold whenever they choose

Before you know it every person who owns a stock is paying this tax

People stop buying stocks. Companies have less capital to invest into new products and develop technology

Economy tanks. Jobs lost

What a joyful future

https://x.com/brianbeers/status/1826077810634666182