Kamalas idea of taxing Unrealized Capital Gains?

[Ariesman81]

Holy Shit!!! Just watched a video on her tax plan. $25,000 first time homebuyers credit... but she'll tax you every year if your home value increases? WTF?

[NaultD]

There's property tax already. For the unrealized capital gains tax starts in a house hold of $100,000,000 income a year. Thats like 99th percentile of total wealth. Having about $600,000 total net worth is 90th percentile.

For 99% of people will not be taxed and can only benefit from this new tax. Only like 16% of people enter retirement so an entire life time to save money reach the million dollars mark.

[Ariesman81]

Yeah... I just read about the $100M. Missed it by a Milli 🤣

[exitseven]

This is the first step in ending private property. There are millions of people across the country that have seen the value of their homes double , triple and more. The government will demand 25% of those gains which can be over a million dollars for many people. People will be forced to take second mortgages on their homes and incur more debt while the administration's inflationary policies will make it impossible for people to live.

[saraupstairs]

It’s not her idea, but she sure embraced it.