A proposed 25% tax on UNREALIZED capital gains and a 44.6% tax on realized capital gains? Why don't we cut the rungs off the ladder while we are at it for ppl who aspire to do well in life with Bitcoin or investments one day. What is going on? lol
Gotta keep up appearance to keep the pork barrel rolling.
Politicians believe that everything you have worked hard to earn is theirs and that they need your money to buy more votes so they can stay in power.
Also the average politician and the average bureaucrat doesn't have a clue about how things really work.