Compared to the Republican Shitshow destroying the economy anyways and the infinitely stacking Billionnaire wealth hack it sounds like a dream come true.
The Chinese would figure out a way to get their stock market fix, the USA ended up loaning their gains from the transactions to struggling countries anyways so China divesting in the USA would just cut out the middleman.
You can’t tax wealth. Wealth is not money.
We tax things that aren’t money all the time, see property taxes.
I have no clue who are “we” in your case, but we don’t tax property.
It was on the Kamala Harris campaign website that she supported an unrealized gains tax for amounts over $1 Million USD.
Conservatives were freaking out that it might “destroy the economy which relies on foreign investors to prop up the value of USD” lmao.
Everyone should freak out, because it’s an utter lunacy.
Compared to the Republican Shitshow destroying the economy anyways and the infinitely stacking Billionnaire wealth hack it sounds like a dream come true.
The Chinese would figure out a way to get their stock market fix, the USA ended up loaning their gains from the transactions to struggling countries anyways so China divesting in the USA would just cut out the middleman.