Kamala Cash Grab: Harris Plan Would Tax Unrealized Gains

Episode Transcript

Speaker 1 (00:00):
Vice President Kamala Harris has endorsed a budget plan that
includes a twenty five percent tax on unrealized capital gains
for high net worth individuals. That means you would be
taxed on the increased value of your home or assets,
even if you haven't cashed them out. The American thinkers
Monica Showalter says this would be disastrous.

Speaker 2 (00:17):
It's a total recipe for capital flight, offshore accounts, assets hidden,
you know, black market type things. There's no better way.
You can just drive capital out because nobody's going to
want the value of their property or their assets ever
to go up.

Speaker 1 (00:30):
She adds that it's also likely illegal, since it would
tax money that hasn't even been received. Corey Jolson New's
Radio seven forty KTRH