Monday, September 23, 2024

Chuckles'' tax plan is a catastrophe

Just my opinion here. You should not be able to tax unrealized gains period. If it hasn't been realized, it isn't income. Taxing it will be quite destructive. The political left will say it is only on the rich, but it doesn't matter. It is fundamentally unjust, and it will be very destructive.

It's common sense.

Leftist politics looks for scapegoats. "The rich" is being made to be a scapegoat. All the rich has to do is to stop making investments in order to avoid the tax. Do you really want that? Besides, the tax doesn't take into consideration the highly leveraged nature of that wealth. If you tax it, even just a little of it, you can puncture it like a balloon, and it will pop! When it pops, it will drag everything down with it.

The tweet will break it all down. He does a good job.





Posted by Greg at 6:00 PM
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