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The existence of stuff like this is why I'm always so skeptical of "fix everything" plans such as what Harris apparently recently said about taxing unrealized g
by xp84 2y ago
The existence of stuff like this is why I'm always so skeptical of "fix everything" plans such as what Harris apparently recently said about taxing unrealized gains. I heard it secondhand but it appears that whopper of a tax is 'only' for those with income or assets or something over X hundred million dollars. Guess what though? The venn diagram of those folks, and people who can afford attorneys to evade such a tax by methods such as described here, is a circle. And when that scheme brings in far too little money, I assume it'll be expanded downward till it actually hits those of us who are just trying to get to retirement and may or may not make it.
- lo0dot0 2y agoHarris explicitly said only for people worth $100 million. You can have the opinion that politicians will derive from their plan, but it is a big assumption, nothing else.