Kamala Harris proposes a 25% tax on unrealized gains, meaning you’d pay taxes on paper profits even if you haven’t sold. Invest $50,000 in stocks that grow to $70,000? You’d owe tax on the $20,000 gain. If your stocks then drop to $45,000, you’re still stuck with the tax bill on the previous gains!
Potential Impact:
- Middle-Class Squeeze: Retirement funds, college savings, and personal investments could take a hit.
- Market Chaos: Forced sell-offs to cover taxes could trigger a market crash.
- Economic Fallout: Investor withdrawals could tip the economy into recession.
Could this spark a market meltdown, or will investors find a way to adapt? What’s your take on the potential effects on stocks and memecoins like DOGS? Share your thoughts!
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