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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[–]tyranicaloverlord 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (4 children)

. It's not meant for the 99%, however, as it's specificallly for the .01% who have a substantial part of their wealth in capital gains.

At least you mention that you are a Democrat on your flair so I know why you would say such and insane thing.

Democrats are so easily blinded by their own support for their parties greed as something virtuous. Democrats always say they want to pass on any taxes as if it's only ever always aimed at the .01%.

Here's why you are wrong, everyone has investments who aren't children, or under thirty Democrats. There's more home owners of all income brackets. This entire thing, just like the $600 spy plan, is aimed at EVERYONE.

This is the Democrat way, do everything to have government take over business and ownership, tax the shit out of people in to subservience. All disguised as going after "the man" and to help "spread the wealth." In reality, they are a party of authoritarian thieves.

Bottom line, and it's not defendable, Democrats LOVE taxes.

PS : Before you call me a right winger, I'm a libertarian. Ya'll are a bunch of authoritarians, but Democrats are worse with their taxation.

[–][deleted] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (3 children)

Libertarians have voted - and always will vote - with the GOP, to line their pockets with taxpayer's money while borrowing from China for their tax breaks. It's unforgivable. Libertarians are worse than the GOP because they focus on doing absolutely nothing for the taxpayers. At least the GOP lie about what they'll do to help the common man, invite businesses to their states, keep wages down, bust unions, allow corporations to poison the drinking water, kill off education funding, and the rest of it. The GOP try to talk the 99% into thinking they want this level of torture. Libertarians are famous for following the GOP on everything, and abandoning their voters. Infrastructure and the rest of it crumble to nothing under Libertarians. It's the most selfish, anti-Democratic, childish ideology that works for no one, not even for the Libertarians. It's an insane purpose of a party that will ONLY help the GOP get richer. Just read up on the bootlicking by Rand Paul at the feed of McConnell. Also read this: https://washingtonmonthly.com/magazine/september-october-2020/libertarians-took-control-of-this-small-town-it-didnt-end-well . I could go on, but I suspect I've already annoyed you and it won't matter what else I write. Re-think your what your tax dollars to do, I would argue.

[–][deleted] 4 insightful - 2 fun4 insightful - 1 fun5 insightful - 2 fun -  (2 children)

libertarians are anarchists who haven't thought things thru

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

Truth.

Even socks can see this.

[–][deleted] 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (0 children)

socks might think it is a criticism of the right from the left but it isn't really.