Wabs said:

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Question for Kamala:

For the average American out there, can you define unrealized gains, why you want to tax them, and how do you think that will affect investments?

Will never ever happen but one can dream.

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• It's never happening.
• "Unrealized gains" is pretty easy to define - the change in value of a stock, bond or other asset you have purchased but not yet sold.
• Why would you want to tax them? There's already a common unrealized tax in America. For instance, many Americans already pay taxes on unrealized gains if you own a home. My home value has increased since I purchased it (according to the county), but I've never sold. Yet my property taxes are increasing in step with my paper gain. This is a tax on an unrealized gain. And if the Market suddenly plummeted and I was forced to sell at a loss, I don't get any recompense for the prior years of taxes I was paying on the unrealized gain.
  
But I think the aim of this proposal isn't to hit ordinary Americans, but the truly wealthy who not only perpetuate their wealth, but grow it on what is called the "Buy, Borrow, Die" cycle. Essentially; Wealthy family buys stocks, bonds, real estate, art, or other high-value assets. They strategically hold on to these assets and allows them to grow in value. The family won't owe tax on the growth in the assets' value unless it sells them and makes a profit. Wealthy family borrows against its assets' growing value and uses the newly available cash to live off or invest in other assets, like rental properties. The family does NOT owe taxes on its asset-leveraged loans because the government doesn't tax borrowed money. Wealthy family uses its untaxed wealth to access significant amounts of untaxed cash to continue to grow its wealth, untaxed, indefinitely. Wealthy parents or benefactors of the family keep the original appreciated assets until their death, leaving those assets to an heir. Neither the current federal or local tax code require the original asset holders or the heir to pay taxes on the growth in value up to that point. Instead, the tax code wipes out any tax liability for the capital gains by "stepping up" the baseline value of the assets from the original price to their value at the time of the benefactors' death. This enables the wealthy family's heirs to altogether avoid taxes on the increased value of stocks, real estate, and valuable artwork. <I believe this proposal is meant to attack THIS specific problem due to the $100m threshold.

• Again, it's NEVER happening.

Wabs said:

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Topics that will definitely come up, either from the moderator or Kamala:

Project 2025
Dictator Day 1
Insurrection (Jan 6)
Convicted Felon
National abortion ban (Women's "rights")

Topics that will definitely NOT come up from the moderator or Kamala (Trump will need to bring them up):

Covid mandates
Taxing unrealized gains
Third trimester abortion
Migrant crime
Publicly supporting Ukraine entry to NATO
Lying about Biden's health
Flip flops on multiple policies (fracking, wall, etc.)

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Hullabaloonatic said:

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Wabs said:

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Question for Kamala:

For the average American out there, can you define unrealized gains, why you want to tax them, and how do you think that will affect investments?

Will never ever happen but one can dream.

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"Unrealized gains" is pretty easy to define - the change in value of a stock, bond or other asset you have purchased but not yet sold.

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Quote:

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But I think the aim of this proposal isn't to hit ordinary Americans, but the truly wealthy

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Quote:

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This man has millions of republicans convinced that our elections are rigged.

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CanyonAg77 said:

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Quote:

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This man has millions of republicans convinced that our elections are rigged.

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To be fair, Democrats have been the leading election deniers since Bush/Gore

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CanyonAg77 said:

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Quote:

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This man has millions of republicans convinced that our elections are rigged.

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To be fair, Democrats have been the leading election deniers since Bush/Gore

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Hullabaloonatic said:

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CanyonAg77 said:

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Quote:

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This man has millions of republicans convinced that our elections are rigged.

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To be fair, Democrats have been the leading election deniers since Bush/Gore

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You mean the election that Gore conceded? It's 4 years later and Trump is still banging the drum that he should be the rightful president and something like 60% of Republican voters believe him.

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DonHenley said:

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If Trump sticks to policy and connecting Kamala to the failures of Biden and why she hasn't done anything as VP for 3.5 years, he'll win. Botched Afghanistan withdrawal, inflation, sluggish economy, illegal immigration, immigrants stealing and eating US citizens cats, plenty to talk about. Just don't mention 2020 rigged or call Kamala a fake black. She'll babble out her word salad and this will be the beginning of the end of her campaign.

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DonHenley said:

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If Trump sticks to policy and connecting Kamala to the failures of Biden and why she hasn't done anything as VP for 3.5 years, he'll win. Botched Afghanistan withdrawal, inflation, sluggish economy, illegal immigration, immigrants stealing and eating US citizens cats, plenty to talk about. Just don't mention 2020 rigged or call Kamala a fake black. She'll babble out her word salad and this will be the beginning of the end of her campaign.

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Quote:

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You mean the election that Gore conceded?

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Now the U.S. Supreme Court has spoken...I strongly disagree with the court's decision

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TA-OP said:

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I tire of seeing the she hasn't done anything for 3.5 years schtick. I don't see a single person here touting Mike Pence's accomplishments just for being Trump's VP. It's the Biden administration, not the Harris administration.

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SpreadsheetAg said:

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Will she be on a step stool to make her seem taller?

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Hullabaloonatic said:

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This man has millions of republicans convinced that our elections are rigged.

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TA-OP said:

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DonHenley said:

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If Trump sticks to policy and connecting Kamala to the failures of Biden and why she hasn't done anything as VP for 3.5 years, he'll win. Botched Afghanistan withdrawal, inflation, sluggish economy, illegal immigration, immigrants stealing and eating US citizens cats, plenty to talk about. Just don't mention 2020 rigged or call Kamala a fake black. She'll babble out her word salad and this will be the beginning of the end of her campaign.

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I tire of seeing the she hasn't done anything for 3.5 years schtick. I don't see a single person here touting Mike Pence's accomplishments just for being Trump's VP. It's the Biden administration, not the Harris administration.

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TA-OP said:

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I tire of seeing the she hasn't done anything for 3.5 years schtick. I don't see a single person here touting Mike Pence's accomplishments just for being Trump's VP. It's the Biden administration, not the Harris administration.

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CanyonAg77 said:

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You mean the election that Gore conceded?

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Now the U.S. Supreme Court has spoken...I strongly disagree with the court's decision

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- Al Gore, 36 days after the 2000 election

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Now the U.S. Supreme Court has spoken. Let there be no doubt,while I strongly disagree with the court's decision, I accept it. I accept the finality of this outcome which will be ratified next Monday in the Electoral College. And tonight, for the sake of our unity of the people and the strength of our democracy, I offer my concession.

I also accept my responsibility, which I will discharge unconditionally, to honor the new president elect and do everything possible to help him bring Americans together in fulfillment of the great vision that our Declaration of Independence defines and that our Constitution affirms and defends.

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13 - 0 said:

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Can we quit calling her "Kamala" and refer to her as "Vice President Harris"?

She is the current Vice President to the current President Joe Biden.

Also, if you mis-pronounce her name you won't be labeled a racist, sexist or whatever other "ist" there is out there.

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CanyonAg77 said:

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And you ignore the important part:

Gore denied the results

Gore denied the SCOTUS decision

Gore sowed division and distrust in the election system, regardless of any weasel words he added

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it's insane you would think he and Gore have anything in common.

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13 - 0 said:

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Can we quit calling her "Kamala" and refer to her as "Vice President Harris"?

She is the current Vice President to the current President Joe Biden.

Also, if you mis-pronounce her name you won't be labeled a racist, sexist or whatever other "ist" there is out there.

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DonHenley said:

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Mike Pence isn't running for President. Kamala was the border czar and failed miserably, never even visited the border. The illegal immigration crisis is much as her fault as it it Biden's. She's claiming she'll fix everything, even though she is part of the administration that got us into this mess. Why does she feel like Americans can trust her? Joe is a potato and she is/was more involved in running the country probably more than any VP in recent memory.

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Hullabaloonatic said:

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CanyonAg77 said:

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Quote:

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This man has millions of republicans convinced that our elections are rigged.

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To be fair, Democrats have been the leading election deniers since Bush/Gore

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You mean the election that Gore conceded? It's 4 years later and Trump is still banging the drum that he should be the rightful president and something like 60% of Republican voters believe him.

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