Yellen wants to tax unrealized capital gains. Say your house increased in value another $100,000, you will get a tax bill on that even before you have sold. Yeah, supposedly for Cryptocurrency now, supposedly for the 1% rich folks now, but we all know how the Democrats love those slippery tax slopes.
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The fact that she is dumb enough to think this is a viable idea should terrify us all. It's very simple, Mz. Yellen, if the gain is "unrealized," what do you expect a person to pay the tax with? It doesn't matter if you're Joe Blow or Jeff Bezos, you don't have the money to pay the tax on a gain you haven't realized. Imagine what Bezos would owe on the tens of billions of unrealized gains on his Amazon stock! Does she think he has that much cash lying around?
This stooge shouldn't be allowed near a piggy bank.