Kamala Harris's Shocking Tax Proposal Revealed

unrealized games just doesn't seem fair in any sense of the word in the very best s in the very best sense if you are taxing unrealized gains all you're doing is pulling forward the taxes that would be paid later when someone actually sells the stock I I I I think that this reaction to unrealized gains is a little funny given that I bet that the majority of people watching right now are already paying a tax on unrealized gains it's called a property tax tax when the value of your home go tax when the value of your home goes up you pay higher taxes even if doesn't your value of your home never moves the way stock moves the way something always go answer it's also property tax is a use tax you're paying for school for the schools you're paying for emergency services those are things that make absolute sense and and sure and all the all the revenue that comes in from these unrealized gains taxes and the other taxes in the tax in the Harris plan are going to go to what creating what she calls more opportunity it's to make sure that every newn this country $6,000 the services well look I I you're you're uing that this is some sort of foreign concept that's completely unknown probably unconstitutional it's probably and it was never in in anyone's intent to it's not an income tax and it's never going to happen probably not in not well my I'm not going to say my life I wouldn't say that not in Becky's lifetime yeah hello ladies and gentlemen I hope you're all having a great and wonderful day well it seems that uh CNBC is not with the unrealized gains tax on Kamala Kamala Harris is proposing as Kamala Harris is proposing uh her now tax proposals which I'll be showing you guys here what's going on so what we have here from Jason A Williams it says here we go the anal is being pro proposed unrealized capital gains tax it says corpal tax rate 28% currently 21% capital gains tax 44.6% currently 20% and I real gains tax 25% C at 0% and that is what's going on here now I will be showing the actual video of Vic ramma Swami kind of talking about this but I'll lay my my points of kind of what is capital gains taxing you know really on how bad it would be it says new and CNBC host Joe kernin rolls his eyes and laughs after Harris an adviser bahat arama tries arguing in favor of haris unrealized capital D tax which you guys seen before you uh clicked onto this before I started talking here and of course we have this uh from VI Grandma Swami talking about the capital gains taxs which I'll get my my point here in a second now the point of capital gains is to pretty much tax you on money that you don't have yet uh so if you are say for instance if your house you bought it for um you bought it for 600,000 500,000 right and then all of a sudden your home is now worth a million or 1.1 million which is technically the house that we're in right now um if we talk about the unrealized games because we did off we obviously did work on the house we did work on um some other houses and that home is worth X's amount um then the home then you're going have to pay for those upgrades which is the home is now at .1 million but you didn't sell it so for instance if your house is 600,000 or say for instance let's go with a lower one like 400,000 you bought the house for 400,000 then all of a sudden your house is worth 800,000 well now you have to pay taxes on the $800,000 because it's unrealized gains and if we don't even want to talk about like where it's affecting people where affecting you per se right where you know there's there talk oh it's the 100 million well if we go and do a little bit of research here we can end up finding out that 100 million companies so let's go here 100 [Music] million companies in us so let's just go with this here right let's see if we can find out what what's going on with the100 million companies so Apparent from what we have here is this the total number of organizations assal with this Hub so essentially there is 95,000 so it's be 9,577 um companies that would have estimated to 100 to 500 million now that I it's not going to probably you know do all this stuff and all that or whatever but say for instance you know State Farm which is an insurance company California has a major insurance company problem here uh it they pretty much said if you know if we don't increase the actual uh our our actual wage for I by 50% we're just going to bounce and leave California well they're probably worth around a billion or definitely more than 100 million all right so that means the unrealized gains tax that they would be getting for whatever cost that may be is going to cost them a considerable amount of money well then that that company is most likely going to go under or they're going to leave the state or leave the country so that being said if for instance uh for instance if since you have all these companies here you can have say if even half of these companies organizations whatever you call whatever you remind you has to pay unrealized gains tax uh what unrealized gains tax they're effed that means they're going to have either a massively increased the uh uh their their prices or Etc or they're going to leave the country to where they're not going to be attacked on realized gains so this is this is going to affect you whether you have $100 million or if you don't this is what people are not seeming to understanding here right that they're not understanding that the actual cause and the the actual cause of ramifications of the $100 million tax it's like well it's like it's not going to affect me I don't have $100 million well let's put this in League of Legends terms for people that don't understand video that would uh that uh that have to understand like you know um uh how the process works in League of Legends you would have you would have a champion that would not get buffed but due to the fact that there is an item that got buffed or whatever it indirectly buffed that champion without that champion getting buffed that that's the thing so it's the same thing here you may not be actually affected by it so you might not have the 100 million and you may not be affected by by you may have 100 million but the but the indirect part of it will affect you so even so you do may not have the $100 million in your bank account the indirect part of the unrealized gains will affect you because the other thousands of companies that do have 100 plus million are going to be affected and then that's going to affect you as well it is a catac it is a conquering effect because so now you have to care about unrealized gains if you think it's not going to affect you then you're actually you're insane you're insane so what we're going to do now is go is have Viv RMA Swami tell us exactly what what realiz gaze is it's going to be similar to what I'm telling you here especially in the tech sector you have people sitting on large long-standing embedded capital gains and so for people to understand what this means it means you have to pay taxes on sales that you have not yet made and even forget the stock market and think about even everyday Americans across this country that means that if you're a farmer or if you're a small business owner you will owe taxes with cash you literally do not have in your pocket to pay those taxes that is a formula for a second Great Depression and it is something that's been in the bloodstream of democratic policy for a long time go back to Elizabeth Warren and Bernie Sanders's plans of a wealth tax even in the 2020 primary I think this idea is here to stay for the Democrats that's a big one I think Tim waltz's selection as Vice President says a lot that's the first real presidential style decision we've seen kamla Harris have to make she went with somebody who at the state level has favored increasing taxes on capital gains in that case it was unrealized but they have talked about unrealized gains and taxing them and I do worry about that what that means not just for the stock market but for everyday Americans acoss the stock market if there's not 60 votes for that in the Senate the stock market doesn't have to price it yes 60 votes or if you agree well I I respectfully disagree with one aspect of that because Kamala Harris has been the chief proponent of ending the filibuster to Ram through her policy objectives and so if she's the president of the United States and in my view God forbid a Democratic Senate to Aid her that could be 51 votes and could you get to 51 votes on a major change in tax policy like that I think the answer is absolutely yes I think that's conceivable and so for a lot of Business Leaders across the country one of the questions they might want to ask is which is going to be the administration that's more friendly to business well we don't know she stands on tariffs we don't know where she stands on a lot of other questions but on tax policy alone the idea of not just raising tax rates but raising tax rates and applying taxes on unrealized income that is a catastrophe of Epic Proportion guys before I end this video I'm going to be showing the prices of just the Amazon Revenue all right so that way you guys get an idea on how much it's going to be and the actual percentage of what they're asking Here For What on how much you know Amazon's going to have to be right so here's what we have here uh so the revenue of Amazon in 2023 was 574 billion uh for 2022 is 5133 billion and then for 2021 it's 469 billion so that's what they have to have here so this is in there income tax you go with a gross profit say 270 billion 225 billion 177 billion these are all from years 2023 2022 and 2021 just to let you guys know then even we go with you know the net income which they lost 30 billion last year and then they lost uh 22 billion last uh 2.72 2.7 billion last year and then from 2021 uh 2022 they lost this and then 2021 they they had an increase so it was 33.3% uh uh billion that they got so they don't play have to pay taxes on this obviously right because this is just a decline but with this the increase they would have to pay taxes onto that now if we were going to do something like this right if we were going to do like you know all this and do the actual math so if you do 25% of uh 57 uh Point billion they have to pay taxes of $233.6 billion onto that or if you want to do what is 2% of billion they have to pay tax of is 250 million so these people are going to have to pay an insane amount of taxes and I'm not really an economist right so take what I say with a grand ass Soul honestly but I just using thinking here and if these companies have to end up paying this amount of money uh they're not going to be among with all the other taxes they they also have to pay on top of her gouge pricing this is just asking for death for the companies this is insane and this is going to have an indirect indirect uh issue with you guys because if they can't make ends meat if they can't be able to stay a FL as a company because do these unrealized gains taxes on top of the capital on top of the uh the G the price gouging which she also said she was going to implement then that also means that the food and everything is going to go significantly up causing in causing a actual increase in food and everything else Mak everything worse making an economic CL crisis so I don't know about you guys but it's not a good thing that this is happening it's a very very bad thing and we got to keep this from happening and then this will affect you whether you like it or not because again even if you don't have $100 million in your account the the other companies the thousands of other companies that do have 100 th100 million dollar in your account it's going to affect you and maybe Amazon might be able to survive this maybe they might be able to survive this because they're very huge but the companies that are not huge and almost every million dollars counts yeah it's going to be a huge problem so maybe think about that when you start talking about these tax issues or uh these things when you want to Harris because it will affect you if you like it or not so that's it for the video guys like subscribe share always take care of my friends I'm disgusted by what I see in public even people closest to us can't be trusted cuz it's algorithmic disease the social media