Have you heard about this new insane proposal by Kamala Harris, which is now apparently getting support by just about every mainstream Democrat, to enact a 25% unrealized gains tax on wealth over $100 million?

Now, this is not about taxing the rich. They’re taxing you too. This exactly how they do it.

Proponents of this wealth tax argue that 99% of the population shouldn't be concerned about this since they won't be affected as a result of the 100 million dollar minimum. But like always, Democrats rely on an uneducated and trustworthy voting base to support their insane policy proposals.

Most importantly, most people who have more than a hundred million dollars in net worth don't have that in cash. What that means is that for all the assets that they own that appreciate in value, they will have to sell other assets to cover their tax bill.

This will cause ordinary Americans who invest in things like stocks to see their investments go into a free fall as a result of mass sell-offs. If a billionaire owns thousands of properties or millions of shares of a stock, being forced to sell those assets at a price that they can easily get money for will reduce the values of other people's investments. This can affect retirement funds, pensions, and more.

Also, would millionaires and billionaires who create thousands of jobs, products and housing in the United States simply take their operations elsewhere to another country that has a more favorable tax regime for them? Potentially putting Americans out of work?

Democrats hate rich people. They do. They want to tax them to death. Even if it means the death of everyone else.