Be against a wealth tax or unrealized capital gains tax all you want, but no this is NOT "an act of war against the middle-class." Only those with >$1 BILLION in assets or >$100 million in income for each of the last 3 years are covered. news.bitcoin.com/an-act-of-w…

10:05 PM Β· Oct 25, 2021

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Something something slippery slope, but don't be dishonest and lie.
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Replying to @JEhrenhofer
The alternative minimum tax was supposed to only affect 200 people when it was passed and now it affects millions. Do you trust politicians? I don't.
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Replying to @JEhrenhofer
Im all for it. Everyone knows the power of compounding interest. Imagine compounding tens of billions of dollars every year. Never having to sell and instead take negligible loans against your assets on appreciating assets like land, real estate, etc.
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Unchecked and with favorable estate tax laws, β€˜they’ will own everything.
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Replying to @JEhrenhofer
You don’t think Tesla stock is going to tank as speculators realize that Elon Musk has to liquidate tens of billions of dollars in Tesla stock? Only billionaires own Tesla is that your thinking?
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Replying to @JEhrenhofer
β€œAlso, we should engage in punitive action on unrealized crimes. You find the person who looks guilty and you preemptively give them the chair" Saad. Just nailed it.
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