https://www.cnbc.com/2024/09/04/harris-biden-capital-gains-tax-hike-trump-election.html
Donald Trump and Kamala Harris are set for a Sept. 10 debate, where the economy and taxes could be a focal point.
Wait
I thought Biden was the worst person in the world and hated unions and working people and loved the rich and was so much a tool of capital he was indistinguishable from the Republicans they were collaborating to strengthen the corporate oligarchy strangling our country and that’s why we have to vote for Cornel West etc etc
Now that he can’t actually be elected, we need to be upset that Kamala Harris only wants to increase the capital gains tax by 40% and not the 100% that Biden was going to do
Do I have that right?
Capital Gains tax will impact the middle class more than the rich. Poor to middle class people sell stocks, rich people take loans out against their assets, which isn’t taxed at nearly the same rate, interest is paid to banks, not the government, and no assets are ever sold.