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2024-09-02 21:22:07
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The perspective of conservative says:

The perspective of conservative says:
- The Biden-Harris administration proposes taxing unrealized investment returns for individuals with a net worth over $100 million to address tax evasion among billionaires
- Critics argue that this tax would negatively impact businesses, economic growth, and innovation
- The tax could lead to market instability and force individuals to sell off investments annually to cover taxes on unrealized gains
- Kamala Harris's economic plan aims to increase taxes by $5 trillion over ten years, undoing former President Donald Trump's tax cuts
- The plan includes raising the corporate tax rate to 28 percent, capital gains and dividends tax, a second 'death tax', and quadrupling the tax on stock buybacks
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