Thanks, saved me from asking the same question. Having said that, if its even possible, would probably be a really high floor. Dont see it getting 60 votes in Senate.
Only a fucknut from Oregon could come up with such a plan. Sorry GDF, the worst ideas come from the left coast. https://www.cnbc.com/2019/04/03/wha...nrealized-capital-gains-may-mean-for-you.html Sen. Ron Wyden, D-Oregon, announced on Tuesday that he is working on a mark-to-market system that would tax unrealized capital gains on assets owned by “millionaires and billionaires.” “Everyone needs to pay their fair share and the best approach to achieving that goal is a mark-to-market system that would require the wealthy to pay taxes on their gains every year at the same rates all other income is taxed,” Wyden said in a statement.
What? He wants to tax money you haven't even made yet? What's next, sales tax on something you looked at online?
That’s nothing but an attack on wealth. I can’t believe it will have a chance to pass or withstand a court challenge. It seems an unreasonable seizure and would lose on constitutional grounds.
I've had similar thoughts about a multitude of other executive orders, regulations and laws and am continuously amazed at most of the Judicial branch's inability to read or understand said Constitution
