A precursor to the U.S future if citizens are given $25k to buy a house, increased taxes on most items, taxes on unrealized gains: MASS inflation.

[shockedcanadian]

I guarantee it and I'd love to see what the experts think of these policies. Though perhaps the taxes on unrealized capital gains was designed to blunt this growth as it would definitely lead to less investment.

Recall when the I.R.A was being promoted that I was one of the most outspoken on this forum about how much damage this would do to inflation. In fact, I knew it was such a massive Bill that it would impact other nations as well, and it has. Even with all of the economic "experts" who signed a letter saying it wouldn't lead to inflation, denouncing the most basic premises of macro economics when spending like a drunken sailor.

Harris is going to win and I don't believe for a moment that the average American appreciates what's about to happen to their purchasing power and standard of living if she enacts these promises. I will say that it is interesting that "experts" claim Trumps tariffs on China will cause mass inflation, but they don't have an opinion on $25k handouts, increased taxes and taxes on unrealized capital gains? Maybe Trumps team needs to be better to promote the facts on these policies.

Kamala Harris Plan To Tax Unrealized Capital Gain Is Scary, Here’s Why

Kamala Harris Plan To Tax Unrealized Capital Gain Is Scary, Here’s Why

Vice President Harris has floated many tax proposals, some from Biden, some of her own. But a proposed tax on unrealized gains may be most controversial.

www.forbes.com

 

[Polishprince]

I wonder how much it would cost, and how many people would have to be brought aboard the federal government to assess the value of all of these unrealized gains on property that Kamala wants to levy a massive tax on?

Probably a lot I guess, especially with taxpayers arguing and appealing the rulings, the legions of lawyers and appraising experts and judges that will be needed to sort things out with all of the disputes that will undoubtedly occur. That's a good question for Kamala, what the costs will be in administrating this abomination.

 

[irosie91]

I wonder how much it would cost, and how many people would have to be brought aboard the federal government to assess the value of all of these unrealized gains on property that Kamala wants to levy a massive tax on?

Probably a lot I guess, especially with taxpayers arguing and appealing the rulings, the legions of lawyers and appraising experts and judges that will be needed to sort things out with all of the disputes that will undoubtedly occur. That's a good question for Kamala, what the costs will be in administrating this abomination.

I predict---as, apparently you do---that she is going to win and
ALL HELL is going to break out. She promises too much---like
a socialist paradise------it was a masturbatory, utopian concept very popular in the late 1800s and early 1900s----led to the deaths of
hundreds of millions and still fascinating to the immature mind

 

[Polishprince]

I predict---as, apparently you do---that she is going to win and
ALL HELL is going to break out. She promises too much---like
a socialist paradise------it was a masturbatory, utopian concept very popular in the late 1800s and early 1900s----led to the deaths of
hundreds of millions and still fascinating to the immature mind

Kamala certainly "could" win, but its by no means a done deal yet.

And it would be a catastrophe if the broad did.

Maybe the Trumps will be invited to serve as the royal family of Slovenia in the event he loses.?

 

[irosie91]

Kamala certainly "could" win, but its by no means a done deal yet.

And it would be a catastrophe if the broad did.

Maybe the Trumps will be invited to serve as the royal family of Slovenia in the event he loses.?

tell me more of your impression of Balkan ? Slovenia. I had childhood
playmates---of the Balkan flavor----weird family life IMO----odd
politics

 

[jwoodie]

Kamala's "policies" are pablum for the masses. I prefer a good steak.

 

[initforme]

What we really need is an increase in wages. American workers are the hardest working, most dedicated, never take any time off, sacrifice their health for their employers, yet get paid next to nothing.

 

[justoffal]

I guarantee it and I'd love to see what the experts think of these policies. Though perhaps the taxes on unrealized capital gains was designed to blunt this growth as it would definitely lead to less investment.

Recall when the I.R.A was being promoted that I was one of the most outspoken on this forum about how much damage this would do to inflation. In fact, I knew it was such a massive Bill that it would impact other nations as well, and it has. Even with all of the economic "experts" who signed a letter saying it wouldn't lead to inflation, denouncing the most basic premises of macro economics when spending like a drunken sailor.

Harris is going to win and I don't believe for a moment that the average American appreciates what's about to happen to their purchasing power and standard of living if she enacts these promises. I will say that it is interesting that "experts" claim Trumps tariffs on China will cause mass inflation, but they don't have an opinion on $25k handouts, increased taxes and taxes on unrealized capital gains? Maybe Trumps team needs to be better to promote the facts on these policies.

Kamala Harris Plan To Tax Unrealized Capital Gain Is Scary, Here’s Why

Kamala Harris Plan To Tax Unrealized Capital Gain Is Scary, Here’s Why

Vice President Harris has floated many tax proposals, some from Biden, some of her own. But a proposed tax on unrealized gains may be most controversial.

www.forbes.com

It's a stupid idea All that will do is drive up the price of houses.
The benefit will be quickly eliminated by the market turn as it always is in these things.