steve the pirate

Kamala is proposing an *INSANE* 25% tax on unrealized capital gains. Imagine buying shares for $100,000, and their value rises to $150,000. Under Kamala's plan, you'd owe taxes on the $50,000 gain, even though you haven't sold the shares or made any actual profit. Now, imagine the stock's value drops back to $100,000 the following year. The gain you were taxed on has vanished. You’ve already paid a 25% tax on a gain that no longer exists, leaving you with a financial loss and no real benefit. Taxing unrealized gains would force investors to sell off assets to cover their tax bills, hurting long-term investment and economic growth. This isn’t just risky; it’s a recipe for a stock market crash and another Great Depression.