US Treasury Secretary, Janet Yellen, suggests imposing a tax on unrealized capital gains. This means stock gains will be taxed even when they have not been sold. It also means that taxes will be owed when the value of a home appreciates, even though it has not been sold.

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[–][deleted] 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (1 child)

Here's why you are wrong, everyone has investments who aren't children, or under thirty Democrats

You make a good point that they introduce these measures claiming it only affects the wealthy when that basically never happens.

But you're overly optimistic about investments. The average American couldn't afford an unexpected $500 bill before the pandemic money. Living paycheck to paycheck, possibly buried in debt, doesn't leave anything left over to invest. And some people have the money they could invest but don't.

The Federal Reserve's Survey of Consumer Finances shows that only 53% of all US families owned publicly traded stock in some form in 2019 and the average stock owner is most likely to be invested through mutual funds and retirement plans.

[–]tyranicaloverlord 3 insightful - 2 fun3 insightful - 1 fun4 insightful - 2 fun -  (0 children)

The average American couldn't afford an unexpected $500 bill before the pandemic money. Living paycheck to paycheck, possibly buried in debt, doesn't leave anything left over to invest.

There is truth to that, and it's our own consumerism, and failed at-home teaching that get people in to these messes. It can be fixed, but people don't want to, the government doesn't want to. They rely on people like you to make this as an excuse, and blame the billionaire.

This goes beyond just having stock. It goes after 401k. It goes after home owners. It goes after saving accounts. It goes after mutual funds. It goes after retirement accounts.

Taxation is NOT the solution. The Democrats have done that for way too fucking long, look at where we are at. Between the morality taxes from the GOP, and operational taxes from the Democrats, we are taxed in to fucking oblivion.

What just boils me is that as far in taxed as we are right now, these Democrat retards think throwing more taxes at the problem will fucking fix it. IT HASN'T FUCKING WORKED. MORE WILL NOT WORK.

The billionaires WANT you taxed, because it taxes you out of participating in making money. It's the exact reason that places like walmart and target support hiking the minimum wage, it prices out small business from affording employees.

I can go on, but I know what I have to say falls on deaf ears, especially those locked in to the paradigm, and those committing sin of greed and envy towards the billionair class.