I'M RIDING WITH DADDY BIDEN

DOWN WITH THE OLIGARCHY

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>spend $5,000,000,000,000 per year as part of the official budget
>go over budget every year anyway
>thinks $36,000,000,000 per year will have any effect
The only real effect of this will be that some billionaires will invest even less into the US and will start moving more of their wealth overseas.

Worker for Berkshire here. Boss said it's time to relocate business to Mexico and India. To avoid being taxed 20%. Jobs are going overseas and south of the border. Thanks to Brandon.

maybe they should put a tax on crack pipes and bribes while they're at it

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>tax on unrealized gains

The thing I dont get about this is does the government even realize how much of a fucking quagmire its going to be when people pull money out of accounts and figuring out whether it was pre-taxed or not.

>gonna raise taxes on people who don't pay taxes
makes sense

>propose
might as well prolapse

JOKES ON HIM
ALL MY MONEY STILL LOCKED INTO POT STONKS

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>unrealized gains
kike trick. billionaires will still evade taxes yet the middle class will be taxed to death. stupid fuck.

I propose to increase jannies pay by 20%

>mutt actually thinks corporate can’t be moved.
You do realize that Bezos ain’t gonna pay shit, but the middle class will. LOL.

they are going to complicate the tax code so much that people will just stop paying them and the irs will not even know how to calculate them.
see:
Why the USSR failed in the 1991.

thats exactly what the tax is for retard, if you arent -% every year, you get a tax

How would this even work? It couldn't function as a one time thing, and it certainly couldn't be an annual thing. It's completely irrational, and I'm sure it uses similar COVID death counting maths.

Many such cases. Do people really think that politicians that have millions in unrealized stocks and property are going to vote to pay? No, it isn’t for the wealthy.

>The only real effect of this will be that some billionaires will invest even less into the US and will start moving more of their wealth overseas.

Oh no, that sucks.

Heres a reply and some shekels for this nonsense spam.
The United States squanders resources on turning the world into a homogenous gay jew hellscape.

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kys tranny

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These proposed rules are stupid. There’s no such thing in accounting rules that allows to you to claim tax on unrealized earnings.
If they changed the rules, it would mean the other half of the ledger must become true too, so all loans are consider profit, and you must pay taxes on top of your loans, and sales tax on repayments.

Doesn’t matter. Dems will never get a majority in the senate to approve this not to mention the fact that if inflation continues, republicans will dominate the mid terms. All this discussion is moot.

>USSR failed because they made the tax code too complicated

It really is insane “socialism is great until you run out of other people’s money”. The USA is becoming Venezuela. Furthermore, their introduction of a digital currency just puts the nail into debt, and government lending itself money it creates from nothing.

What exactly do you think unrealized gains are you dumb fuck

Is this a double tax?
>Pay tax on unrealized gains.
>Sell stock to pay off tax.
>Pay tax on realized gains

Based. Devil lies in details. Rich will just move all their money to foundations etc.

I'm pretty sure loophole will be wide enough for Bill gates and Zucker to still keep all their money.