Name:   MartiniMan - Subject:   Janet Yellen is insane Date:   10/25/2021 1:39:23 PM

So now they want to tax the "unrealized capital gains" of wealthy billionaires.  Apparently this is the brilliant idea of the Dementia Joe admin and she is actually stupid enough to think it's anything other than insane.  Setting aside the nightmare of someone having to decide what the number is, how will they handle unrealized losses?  Or will the pretend they don't exist?  Stop, don't answer that as I can assure you they either didn't think about it or simply will not allow them.  This will have an absolutely devastating and chilling negative impact on investing.  Not only that, but the markets will likely drop by a huge amount as the uber rich sell off stocks to pay the tax.......which of course means that their actual gain will be much lower.

One would think this idea was in the Onion or Bablyon Bee versus coming from the mouth of a moronic "economist".....no wonder they call it the dismal science which is an afront to real science.  We all know the billionaires will find a way around this if they even allow it to happen.  So when it crashes the markets, trashes the economy and fails to generate the gazillions in new revenue what do you think they will do next?  Yep, lower the limits.  So the millionaires will say nothing because they aren't billionaires.  And then when they come for their unrealized gains the rest will say nothing because they aren't millionaires.  Then when they come to tax the unrealized gains in your 401k, IRA and pensions the rest will say nothing because they don't have these accounts.  And that last group will become the 30% that vote for Democrats.