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There's some disagreement about what to call the ambitious Democratic legislation pending on Capitol Hill. The breadth of the legislation — touching on everything from health care to education, climate to housing — makes it difficult to label. I tend to like the "safety net and climate" plan, but it's admittedly a little clunky.

https://web.archive.org/web/20211014105315/https://www.msnbc.com/rachel-maddow-show/why-biden-says-his-plan-costs-nothing-why-he-s-n1280158

**There's some disagreement about what to call the ambitious Democratic legislation pending on Capitol Hill. The breadth of the legislation — touching on everything from health care to education, climate to housing — makes it difficult to label. I tend to like the "safety net and climate" plan, but it's admittedly a little clunky.** https://web.archive.org/web/20211014105315/https://www.msnbc.com/rachel-maddow-show/why-biden-says-his-plan-costs-nothing-why-he-s-n1280158

(post is archived)

[–] • 2 pts

So what this will do:

People with lots of money will hide it better and have no unrealized capital gains.

People who have small investments with unrealized capital gains will end up paying the taxes.

[–] • 1 pt

Fuck

[–] • 1 pt

At least, that's my take on it. How would you tax those gains anyway, every year? They're not real until you cash them in.

[–] • 1 pt

The idea is stupid on its face. Like what if I have negative gains, does the IRS pay me?