Harris to Expand "Unrealized Capital Gains" Tax
Ivan Betinov
8/30/2024, 9:20 pm
Vice President Kamala Harris, who has no connection whatsoever with the policies of the Biden Administration due to her being kept in a sealed compound on the grounds of the U.S. Naval Observatory for the past three-plus years, has expanded her plan to right the American financial ship-of-state through taxing "Unrealized Capital Gains" (UCGs).
Her original plan proposes a 25 percent tax on stocks and bonds that have appreciated in value but have not yet been sold and that capital gain taken by the stock owner. While this will indeed punish capitalists for gaining capital, as is only proper in an equitable society, it will not generate enough revenue for vital government programs.
"We have a lot of votes to buy," noted campaign spokesperson Rachell Wanker, "and a lot of work to do if we want to punish the United States for the sins of slavery and colonialism." Bigger government needs bigger money.
To that end, Harris will announce plans to tax "Unrealized Income Gains" (UIGs).
By all means,
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