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

1/ ๐Ÿšจ 25% Tax Proposal: Kamala Harris' economic team has reportedly discussed a 25% tax on unrealized capital gains โ€“ meaning investors would be taxed on profits they haven't cashed out yet.

2/ ๐Ÿฆ 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/ ๐Ÿ’ฅ 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/ ๐Ÿ“‰ 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/ ๐Ÿ’ก 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/ ๐Ÿšจ 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/ โš ๏ธ Market Reactions: A change of this magnitude could reshape the investment landscape, and itโ€™s likely to face heavy opposition from both individual investors and big institutions.

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