Biggest argument people are going to have against this is reading the headline and then realizing most their retirement is in the form of unrealized gains. But if you then just read the qualifier of $100 million, you will quickly realize we are not talking about normal people here. We aren’t even talking about normal rich people. We are talking about the 1% of 1% people.
Government has never expanded their reach when given power. Civil forfeiture was about combating organized crime not funding police departments. Border patrol has expanded reasonable searches from crossings to cover entire states. Give it 20 year and this will apply to gains over a million.
Biggest argument people are going to have against this is reading the headline and then realizing most their retirement is in the form of unrealized gains. But if you then just read the qualifier of $100 million, you will quickly realize we are not talking about normal people here. We aren’t even talking about normal rich people. We are talking about the 1% of 1% people.
Government has never expanded their reach when given power. Civil forfeiture was about combating organized crime not funding police departments. Border patrol has expanded reasonable searches from crossings to cover entire states. Give it 20 year and this will apply to gains over a million.
Yes, and because of this the corporate tax rate and top marginal tax rate has been trending up for the past half century… right?