Ninety miles from the South Eastern tip of the United States, Liberty has no stead. In order for Liberty to exist and thrive, Tyranny must be identified, recognized, confronted and extinguished.
That "Unrealized Gains" tax is worse than them taxing you for the value of your house on paper. It will crash the stock market because it wipes out your 401k or any way to invest for the long term. It will crash the housing market because many people will have to sell their houses to get any way to pay that new tax.
It will basically crash the country, which you have to assume is their goal.
Tax on unrealized gain is why there are no retail stock investors in Europe. They have no Schwab or Fidelity, no mutual funds, no stock portfolios. Which is how Euro governments like it - people dependent on government because they cannot accumulate wealth.
That "Unrealized Gains" tax is worse than them taxing you for the value of your house on paper. It will crash the stock market because it wipes out your 401k or any way to invest for the long term. It will crash the housing market because many people will have to sell their houses to get any way to pay that new tax.
ReplyDeleteIt will basically crash the country, which you have to assume is their goal.
ABC,CBS,NBC,MSNBC, CNN, FOX..... they're all propaganda. both Bushes and Cheney told you so.
DeleteTax on unrealized gain is why there are no retail stock investors in Europe. They have no Schwab or Fidelity, no mutual funds, no stock portfolios. Which is how Euro governments like it - people dependent on government because they cannot accumulate wealth.
ReplyDelete