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.

submitted by magnora7 from (twitter.com)

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[–]magnora7[S] 8 insightful - 4 fun8 insightful - 3 fun9 insightful - 4 fun -  (1 child)

This is kind of insane. And this is coming from the head of the Federal Reserve, basically.

It's like they're trying to upset as many people as possible in order to incite a revolution deliberately? Or maybe they're just being greedy while they can, as not to waste a crisis?

They just printed 40% of the total USD money supply in the last year, and now they desperately need to drain everyone's unrealized capital gains too? Ridiculous. It's like they want America to implode. It may be reactionary in a way that's sensible from where they're sitting, but it seems like this is not a good idea in the long-run for the middle class. Remember when the goal used to be to grow the middle class, instead of destroy it?

[–]JasonCarswellVoluntaryist 1 insightful - 2 fun1 insightful - 1 fun2 insightful - 2 fun -  (0 children)

They've thrown life jackets to their corporatocracy friends and flooded inflationary chaos over everything while they 6uild 6ack 6etter their Great Reset allowing only for survival of the compliant fortunate.