This is where it started:https://twitter.com/mr_james_c/status/1442037202909794304?s=20 …
for those of you just tuning in, the premise is literally “we’re going to tax money you haven’t yet made”
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What's the ROI of all of those tax dollars?
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Paying the tax could be a stretch. I make less than $50k at my job, but my investments have gained $100k this year. The only way I could pay would be to sell them.
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I'm convinced this is primarily an attempt to deflate asset prices without having to raise interest rates. They would have had an easier sell with an across the board "wealth tax" where accounts with more than X dollars in them get taxed instead of this drunken nonsense.
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Kind of cool
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Next up, taxing the public on those old pokemon cards your mother found in storage and threw out.
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Thank god I've got all my wealth tied up in Beanie Babies!
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"Uh oh, a whole bunch of regular folks have figured out over the last two years that equities is a gigantic part of what separates the ownership class from the working class... We'll fix that."
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