fact check yes Harris plans to Institute 25% tax on unrealized capital gains of wealthiest Americans Snopes the plan will be the absolute end of the middle class us Lauren bobert from Colorado claimed in an X poost below are your comments the federal Alternative Minimum Tax began as a high income only tax and over the years worked its way down to middle class taxpayers the desire for more Revenue will steer this law in the same direction how do you tax something that is not real it would set a precedent and that $100 million number would decrease as politicians decide they need more r Avenue it would affect all the markets would be destabilized and there goes everyone's 401ks pension and retirement funds and D all other personal investment in the markets the good news is that owning gold and silver silver would go out the roof in value so buy some before the law goes into effect you'll need it to barter and survive this would create an accounting nightmare would people get a refund if previously taxed unrealized gains were depleted in future years tracking asset basis over several years would be a problem would unrealized loses generate tax reductions what would be the definition of capital assets she is pandering for votes and not using economic Ray lyy this will absolutely destroy the stock market overnight which in turn will destroy the middle class retirement and pensions pensions that were once funded will no longer be fully funded the pensions that are not fully funded will be bankrupt we are told taxes are only going to be levied on the rich then the revenue expected isn't there and spending goes up regardless that's when the middle class takes it on the chin please subscribe to my channel and if you like it please thumbs up