Harris Economic Plan Rebrands Democrats’ Old Playbook
(www.americanthinker.com)
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https://greatawakening.win/p/17txtMOrDz/dnc-disaster-reverses-polls-rfk-/c/
Robert outlined what the crux of the matter is: A 25% tax on unrealized gains, to start in 2025, as published by the Treasury. This means that one has not sold the property, but it has gained in value (due to inflation - HAHAH). The tax-man (Kamalamuhnomics) will now get his fictitious 25%. Reminder that real estate also devalues, which is a problem - will the taxman give refunds in recessions? Of course not.
They will start counting at 100 million, but can easily revise that little detail down. Kammunism. But one could dismiss it as only affecting 'rich' people.
What will happen is that akshully rich people will take their properties elsewhere, OR they will find ways to move properties between shell-companies, while lodging tax returns. There will be a whole host of NEW financial instruments to hide the properties (unrealized capital gainz, LOL) from the tax-man.
So, when they fail to capture those smart funds, the government will just widen their net (lower the limit), until they can start catching the innocent, humble fish (you and me) who don't play those smart games.
Oh, and it is theft.
...compelling addendum, nicely stated...