Kamala Harris to Tax 'Unrealized Gains'

The Harris-Walz Campaign has proposed a New Tax Policy that will DIRECTLY impact Americans, no matter which Financial Class you're in. This New Policy is a 25% Tax on UNREALIZED Gains as well as an increase to 44.6% on Capital Gains.

What are 'Unrealized Gains'? When you hold an Asset, such as a Property, that Asset, in theory, appreciates over time. This means if you bought a home for $250K and The Market Price increases to $350K in 3 years, you would have an Unrealized Gain of $100K. It is Unrealized because you have NOT sold The Property. Once you sell The Property, it becomes a REALIZED gain and you are now subject and liable to pay Taxes.

In our current Market, this is a sound System. It's not perfect, but it still allows Individuals to build Wealth. You're able to start at $0, get a job, save money, invest in minor assets, build to larger assets, and create Generational Wealth and/or fund endeavors that are important to you. You pay Taxes on gains and have Capital left over to play with.

If we start to Tax UNREALIZED Gains, we would now make it impossible for anyone to build Wealth in America. Most people save, but saving money actually loses you money. If you only account for Inflation vs Interest Rates, The General Rate of Inflation is higher than The General Interest Rate you receive on your Typical Savings Account. This means your $100K that you saved for years will still be $100K, but it will only have The Purchasing Power of $75K, as an example, if you account for 25% Inflation over a period of years. Prices of Goods & Services increase with Inflation, thus your money is worth less over time.

With our historical, current, and likely future spending problem of Congress as well as the fabrication of loans via Commercial Banks, Inflation is not going anywhere anytime soon; it's here to stay. This means the only way Families can keep up with prices or GROW their Wealth is to INVEST in Assets that appreciate over time. This varies, but Appreciating Assets could be Real Estate or Stocks. If you are FORCED to pay a Tax on Assets you hold, but have not yet sold, you will eventually have to SELL the Asset in order to cover the costs of Taxation, thus you are left with NO ASSET at the end of the transaction. A minor example of this is Property Tax. You are required to pay every year a Tax on your Property. You haven't sold The Property and The Property increases over time as The Dollar is Inflated. If your wages don't keep up, you will eventually be unable to cover The Taxes and lose your home. Unconstitutional.

The Hoax of "Taxing The Wealthy" doesn't cover anywhere close to our National Debt. Taxing The Wealthy will NOT solve anything. At the same time, these Policies are inherently AGAINST The Middle Class, who must compete to increase their Standard of Living and position in The Economy. As of this moment, the proposal is for "Wealthy Individuals" over a certain Net Worth, but Socialist Policies tend to steer towards The Middle Class. This is not new. Kingdoms, Empires, Republics, Democracies, & other forms of Governments have enacted these types of Policies in one way or another. The result did not fare well for those in The Middle.

The Elites who are ALREADY at the Top of Society are protected since these Policies come in AFTER the fact. By suppressing, and eventually, removing The Middle Class, there is Communism. This is a type of Class Warfare that results in two classes: Elites & Plebs. The Middle Class will be no more. With this, leverage is on the side of Elites, where The Laws they create are NOT enforced on them, but for Average Individuals below them.

The other part of The Harris-Walz Proposal is for a Capital Gains increase. Capital Gains consists of any type of Sale deriving of Asset or Property. If you are positive on an Asset after Sale, you're required by The IRS to pay Taxes. There is Short-Term and Long-term Capital Gains. Depending on your Filing Status (Single or Married) and Income, your Long-Term Capital Gains Rate will fall at 0%, 15%, or 20%. This is relatively low compared to Short-Term Capital Gains for good reason: Incentive. When you incentivize people to HOLD onto their Assets for a period of time ( in this case, over a Year), you benefit Individuals and The Overall Economy as Markets are more stable and Individuals can build Wealth.

The Short-Term Capital Gains Rate falls in line with the current Income Brackets. At this period of time, the HIGHEST Income Bracket is 37%. This doesn't mean ALL of your Income is Taxed at 37%, rather the qualifiable amount of Income over a certain threshold is specifically Taxed at 37%. Our current Progressive Tax Bracket System is antithetical to American Fundamentals as this System discriminates to those who earn more Capital in a Free Market System. We should not be punishing Individuals who make money as they generally contribute towards productivity in our Economy.

Kamala Harris has announced an increase to 44.6% on The Capital Gains Tax, which is a large jump from 37%. America, and other Nations, have gone through periods of High Taxation. At a certain threshold, Higher Taxation stifles businesses, Capitalists don't reinvest back into the business or start new businesses because of tight financial circumstances, and Smart & Wealthy Individuals look for Legal or Illegal ways to shelter their Capital from Taxation. The Government ends up receiving LESS funds than if they had implemented a Lower Tax Rate.