76research
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Taxing UNREALIZED Gains - Big Govt Gone Wild
Posted
August 31, 2024
Views
515
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Comments
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4.08%
August 31, 2024
515
20
1
4.08%
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Trish Regan and Rob Hordon, Co-Founders of 76research, examine the implications of proposals being advocated by economic advisors to Kamala Harris to start taxing UNREALIZED capital gains. Such taxes would give the government unprecedented ability to force asset owners--stocks, real estate, farm land, gold, etc.--to make cash payments to the government based on theoretical appreciation in their investments.
The Harris-Walz campaign draws a flawed analogy to property taxes, as Trish and Rob explain, while the unintended consequences of such a tax policy are potentially severe. There are also many Constitutional questions raised by this idea, which has been likened to confiscation or theft of private property.
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