A top analyst for a leading international bank based in the Netherlands, Rabobank, has issued a warning that Kamala Harris' stated intention to tax unrealized capital gains would crash the US economy by causing a massive selloff in US assets and many wealthy Americans fleeing abroad.
Presently in all countries, the increase in the value of something, whether stock, real estate, or other items is taxed when it is sold. Harris wants to tax it yearly while it is still in the owners possession. For example, if you owned a house that increased n value by $30,000 in a year, you would be taxed on that increase that year even if you did not sell the house.
Another bad aspect of this plan is that with high inflation, much of the "increase" in value of an item actually represents a lowering of the value of the dollar, not an increase in the value of the item. It is manifestly unfair to tax people on inflation.
https://quoththeraven.substack.com/p/taxing-unrealized-gains-would-obliterate
Meanwhile the Financial Times of London described Harris' econpmic agenda as "underwhelming" in an editorial, pointed out the dangers of price controls and high taxes.
Cheeseman guts much of school board curriculum reform | Rant & Rave, Editorials, Beaufort Observer, Op-Ed & Politics | after 31 days Kamala failed to post a policy page so Trump made one for her |
![]() |
will prosecute and send to prison
Published: Thursday, August 22nd, 2024 @ 11:16 am
By: John Steed
|
![]() |
key is beating Kamala Harris
Published: Thursday, August 22nd, 2024 @ 9:41 am
By: John Steed
|
![]() |
page quotes Kamala Harris public positions on issues
Published: Wednesday, August 21st, 2024 @ 5:48 pm
By: John Steed
|
![]() |
would cause major selloff in US assets and wealthy fleeing abroad
Published: Wednesday, August 21st, 2024 @ 11:59 am
By: John Steed
|
![]() |
genuine parent input thwarted; liberal DPI input retained
Published: Wednesday, August 21st, 2024 @ 8:30 am
By: John Steed
|
![]() |
WaPo said it was "struck" by the lie
Published: Wednesday, August 21st, 2024 @ 2:16 am
By: Daily Wire
|
![]() |
she can run but she can'hide
Published: Tuesday, August 20th, 2024 @ 9:15 pm
By: John Steed
|
![]() |
"To blame grocery stores, which already run on extremely slim 1-3% profits, for price gouging is dangerous and inaccurate," said Kelly Lester, policy analyst for the Center for Food Power and Life.
Published: Tuesday, August 20th, 2024 @ 11:41 am
By: Carolina Journal
|
![]() |
doubling down on Biden failures
Published: Tuesday, August 20th, 2024 @ 8:50 am
By: John Steed
|
![]() |
An illegal alien accused of sexually assaulting and murdering an 11-year-old girl was freed into the interior of the United States by the Biden-Harris administration just months before allegedly committing the heinous crime, a new report from the House Judiciary Committee confirms.
Published: Tuesday, August 20th, 2024 @ 8:30 am
By: Daily Wire
|
![]() |
We have big news coming over the next week. Our legal team, headed by NC Division SCV Judge Advocate James B. Wilson, Jr. and SCV Judge Advocate in Chief H. Edward Phillips, continues to defend our heritage in Pitt County.
Published: Monday, August 19th, 2024 @ 11:39 pm
By: Eastern NC NOW Staff
|
![]() |
Biden-Harris would replace protection of women with protection of gender identity
Published: Monday, August 19th, 2024 @ 7:39 pm
By: John Steed
|
![]() |
worst since Jimmy Carter
Published: Monday, August 19th, 2024 @ 1:22 pm
By: John Steed
|
![]() |
The mood on Capitol Hill was somber today, as congressional leaders joined Democrats across the nation in ordering flags to be flown at half-staff as former President Donald Trump was tragically not killed in an assassination attempt over the weekend.
Published: Monday, August 19th, 2024 @ 10:35 am
By: Babylon Bee
|
![]() |
jpromoted and funded by Biden-Harris DHHS
Published: Sunday, August 18th, 2024 @ 1:54 pm
By: John Steed
|
![]() |
merger of words "Kamala" and "comunist" in view of her radical economic plan
Published: Saturday, August 17th, 2024 @ 7:02 pm
By: John Steed
|
![]() |
Kamala second policy is government price controls
Published: Friday, August 16th, 2024 @ 9:32 am
By: John Steed
|
![]() |
The following is the text of a letter sent by The Daily Wire to advertising industry professionals following the decision by the World Federation of Advertisers to discontinue the Global Alliance of Responsible Media.
Published: Thursday, August 15th, 2024 @ 11:27 am
By: Daily Wire
|
![]() |
Even the Brits can see there is xomething seriously wrong with Harris campaign
Published: Wednesday, August 14th, 2024 @ 9:36 pm
By: John Steed
|
![]() |
MSM are part of Democrat campaign effort
Published: Wednesday, August 14th, 2024 @ 5:49 pm
By: John Steed
|
![]() |
what is it costing nationally? or here in NC?
Published: Wednesday, August 14th, 2024 @ 4:46 pm
By: John Steed
|
![]() |
Vice President Kamala Harris’ husband, Doug Emhoff, admitted that he cheated on his first wife with the couple’s babysitter after a report was published on Saturday that said the marriage ended after he got the babysitter pregnant.
Published: Wednesday, August 14th, 2024 @ 11:11 am
By: Daily Wire
|
![]() |
A black Georgia activist became the center of attention at a rally for former president Donald Trump on Saturday when she riled the crowd in support of Trump and how his policies benefit black Americans.
Published: Wednesday, August 14th, 2024 @ 2:17 am
By: Daily Wire
|
![]() |
Former President has been indicted by a federal judge in Pennsylvania for inciting an assassination attempt that nearly killed him.
Published: Wednesday, August 14th, 2024 @ 1:36 am
By: Babylon Bee
|
![]() |
A federal judge ruled on Monday that Google has a monopoly over general search engine services, siding with the Justice Department and more than two dozen states that sued the tech company, alleging antitrust violations.
Published: Wednesday, August 14th, 2024 @ 1:28 am
By: Daily Wire
|