Supposedly "just for billionaires", this bill would make all long term investments un-desireable. It will be applied to everyone else soon after, and the billionaires will find a way to not pay it.
They want to tax your investments every time the stock market goes up, before you even sell the stock. If it goes up they tax you, if you sell it they tax you. If the investment goes down in value, well that's your problem.
This will wreck what's left of the economy, and that is obviously their goal before they roll out their new digital currency (FedCoin) as a replacement.
allahead 0 points 3.5 years ago
Congress will probably exempt itself.