Her policy to tax 'unrealised' capital gains needs to be looked...

Her policy to tax 'unrealised' capital gains needs to be looked at more closely before she gains office and controls both Houses.

The Biden/Harris policy is that those earning more than $400k pa and entities valued at >$100m will be taxed @ 25% on 'unrealised' gains to raise 5 Trillion dollars over the forward estimates.

I wonder what this will do to asset prices and the economy in general. I shouldn't wonder too much because assets will need to be sold to pay for the tax and so the cycle begins, except this would be a stagflation super-cycle that would suck cash from the economy and require more money printing...........

latimes.com/business/story/2024-08-22/harris-isnt-planning-to-tax-your-unrealized-capital-gains-but-a-wealth-tax-is-still-a-good-idea