Oddbean new post about login | logout Good evening Nostrs. Let’s be honest. A 25% tax on unrealized capital gains is nothing more than a cheap political talking point that is so monumentally stupid that it will *never* happen. Have a great night.
And yet we should still be partially fearful that we live in such commie times where people feel comfortable floating it.
Mind numbing. Truly
I really hope you are right. I have seen worse things done to the productive class and the rest have done nothing to stop it. Will US be different? Let’s hope the answer is YES 🙏
Don’t rich and smart people just not sell their assets? Seems like this mostly just hurts middle class people who are forced to withdraw from their IRAs and 401ks.
It is idiotic, but I wouldn't underestimate the governments' need to confiscate. And how short sighted they are. They just want to win the next voting round and would do anything to achieve it
Politicians are pretty dumb though
Hello James, huge fun of your content and I appreciate knowing you are here on Nostr posting. So I saw this same post on X recently, before I decided to leave and come here, and I wanted to ask you how do you know it will never happen? It’s an honest question because I am of the opinion that one should never say never unless something is just highly improbable.
100%
More importantly, it's a brilliant tactic that the Harris campaign is stealing from Trump. Notice how no one on the left is talking about this unrealized tax plan. But nearly everybody on the right is spending 80% of their time on it. So instead of talking about the realistic failures of plans that will get enforced, like more failure on the border, like the drug epidemic spiraling out of control, the health crisis getting worse, etc.... "we" are spending hours and days talking about something that won't happen. It's brilliant politics. And its working.
