Got something to run through the Universal BS Translator.
Dems plan billionaires’ unrealized gains tax to help fund $2T spending bill
“I wouldn’t call that a wealth tax, but it would help get at capital gains, which are an extraordinarily large part of the incomes of the wealthiest individuals and right now escape taxation until they’re realized,” Yellen said on CNN.
-beep buzz whirr click-
Output: How outrageous that these people don’t pay income tax on income that they haven’t had. Tax their wealth and take it away from them.
It’ll be interesting to see how they write such a bill, for this only to apply to “billionaires…”
And you and me, as well, given the equal protection clause.
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