Kamala Harris Will Raise Taxes On Unrealized Capital Gains Above $100 Million… Hell Yeah!
Want muscular liberalism to continue Biden’s historic Build Back Better accomplishments? Tax the megarich!
Kamala Harris supports Joe Biden’s revenue proposal for 2025’s budget that imposes a 25% tax on total income specifically targeting unrealized capital gains, and, before lying Republicans can confuse you into thinking this might affect you, casual reader, the budget proposal explicitly applies to taxpayers who make over $100 million. Hell yeah to progressive taxation.
The debt is huge, and Republicans have spent decades blaming it on and trying to sabotage what little safety nets and social spending the US government has compared to most other developed democracies. But with the drastic economic inequality hoarded by the megarich in America, the megarich are gonna just have to start paying higher taxes for a bit. Sorry. If you’re a patriotic billionaire, you should want to help solve your country’s debt problem, and maybe only get a new yacht with a smaller yacht inside of it every other year, instead of every single year.
It’s politically unfeasible for Republicans to meaningfully pay off the debt saving relative pennies by screwing over the poor and kicking the…
