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
Thank you. You could write him. He does respond.
Much better connected people than I should provide that information to Trump.
I do think he has someone that responds for him, but I do not think for a minute that the person on the other side of the internet is presenting general population ideas to Trump.
I fall more into the category if I have what I think is a great idea, then a few thousand other better connected individuals are most likely having it at the same time, and someone is going to get that idea to a well-connected individual who can make a good decision.
I love your optimism, though!
I am serious. Write to him. I have seen people getting respond letters on X from him. Not just one person. Quite a few in fact.
You have something of value. Write to him.