That's actually hilarious. "The rich won't invest if you tax their unrealized gains", or said differently an argument for trickle-down economics. News for you: they already don't.
Not sure if some of you know how bad things are for the less well-off in the world right now but they are actually fucking hellishly bad. We're on the brink of a recession if we're not already in one.
I'm confused. Then how can they have unrealized gains if they're not investing? Aren't we talking about gains coming from investment?
If the rich are not investing then there are no unrealized gains and so they won't pay any tax under the proposed law and there are no problems in the first place.
Not sure if some of you know how bad things are for the less well-off in the world right now but they are actually fucking hellishly bad. We're on the brink of a recession if we're not already in one.