It only applies to those with personal assets over $100m apparently? Please correct me if I’m wrong as this is what my friends are saying. Even if it’s true, it is designed to ruin people of wealth. People like Trump.
They are so afraid of him they are literally willing to do anything to stop him.
Pretty sure anyone with that kind of money has the capability and means of moving it to foreign accounts or coming up with some other way of avoiding this. I see it more as a pretext to eventually lower that cutoff point and screw over small investors
This is the target. To tax your retirement. It's the last untapped resource for them to steal.