Sunday, March 27, 2022

This stupid idea never dies

Hot Air: "Biden: You're just going to love my plan to punish the successful."

The centerpiece of this legislation is the "unrealized assets tax" that takes the value of stock you didn't cash out and slaps a tax on the "income" you made.  Never - ever - explained is what happens if your investments decrease in value.  Do you get a rebate then?

This is likely unconstitutional and it will never pass Congress anyway.  It's just raw meat for the Elizabeth Warren and AOC loons.

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