Is a 25% Tax on Unrealized Gains Kamala Harris' Recipe for Economic Chaos?

1/ 🚨 25% Tax Proposal: Kamala Harris' economic team has reportedly discussed a 25% tax on unrealized capital gains – meaning investors would be taxed on profits they haven't cashed out yet.

2/ 🏦 Impact on Investors: This proposal could hit stock, crypto, and real estate investors hard, forcing them to pay taxes on the rise in asset values before they sell.

3/ 💥 Risk of Market Crash? Experts warn that this could trigger massive sell-offs in the market, as investors liquidate assets to cover their tax bills, potentially leading to a stock market crash.

4/ 📉 Great Depression 2.0? Some fear this drastic tax policy could result in a severe economic downturn, drawing comparisons to the conditions leading up to the Great Depression.

5/ 💡 Policy Challenges: Implementing such a tax is seen as extremely difficult. Determining value changes and keeping track of volatile assets like crypto poses major hurdles.

6/ 🚨 Controversy: Critics argue that taxing unrealized gains is not just risky but unfair, as investors may have to pay taxes without having any actual cash on hand.

7/ ⚠️ Market Reactions: A change of this magnitude could reshape the investment landscape, and it’s likely to face heavy opposition from both individual investors and big institutions.

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Vice President Kamala Harris is set to announce her support for a regulatory framework for cryptocurrency and digital assets during a campaign speech in Erie, Pennsylvania. This announcement will be part of her broader "Opportunity Economy" agenda, which is aimed at supporting Black men and promoting wealth-building opportunities. Harris is particularly focused on protecting those who invest in or own digital assets, acknowledging the growing participation of Black Americans in the crypto space. This move reflects a shift in her approach, as she seeks to balance financial innovation with consumer protection.

In addition to addressing cryptocurrency, Harris will also discuss small business support and the federal legalization of cannabis as part of her broader economic vision. Her campaign is positioning this as a step toward creating a more inclusive economy, especially for historically underserved communities​

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