An act of war against the middle class - Americans criticize Janet Yellen's idea of ​​taxing not realized capital profits - taxation

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Von: Krypto News Österreich

The 78th US Finance Minister Janet Yellen said CNNS "State of the Union" on Sunday that the US legislature is considering taxed not realized capital profits. According to Yellen, the funds collected would help finance things related to climate change and social change. While Yellen said that US Senator Ron Wyden (D., Ore.) Working on the preparation of the plan, many Americans have criticized the proposal in forums and social media.

Janet Yellen discusses not realized tax proposal for capital profits, spokesman for the House of Representatives, Pelosi, is right at

The term "not realized capital profits" was and Forums In the last 24 hours after the US Finance Minister Janet Yellen The topic discusses on cnns "state of the union". Yellen explained the concept that aims to tax the Americans on unrealized capital profits from liquid funds. Of course, Yellen, like the controversial IRS surveillance proposal of $ 600, emphasized that the proposal aimed at "extremely rich individuals, billionaires". However, Yellen emphasized that the tax is not a wealth tax.

"I would not call this as a wealth tax, but it would help to achieve capital gains that make up an extraordinarily large part of the richest income and currently miss the taxation until they are realized," said Yellen on CNN. She explained that the democratic Senator Ron Wyden is working on the proposal and the spokeswoman for the House of Representatives, Nancy Pelosi, supported the concept. Although Yellen said it was not a "wealth tax", the words of Pelosi (D., California) were different than She said CNN on Sunday: "We will probably have a wealth tax."

pelosi believes that the profit tax that has not been realized will help finance the expenditure calculation of $ 2 trillion and said that the expenditure package is "pretty there" and the legislator makes some of the "last decisions". While Yellen, Democrats and CNN praised the idea of ​​taxation not realized profits, the Americans are angry about the idea and consider them "unscrupulous".

political commentators, libertarian, crypto enthusiasts despise Yellen's proposal-"Tax on non-realized profits is legal looting"

The Libertary Vice Presidential Candidate 2020, Spike Cohen, called "This is unscrupulous. For those who do not know: a" not realized profit "is if something they own gains value, but they do not sell it. Do you know how your house. Or your pension. So now you have to sell it to pay the taxes. If this were implemented, this would be a act of war against the remaining middle class people who still have things, ”added Cohen.

Cryptocurrency supporters and CEO by Galaxy Digital, Mike Novogratz Profit on Twitter. "Maybe they try to eliminate it [The] step-up first. And Carried's interest," said the billion-dollar investor. "That would be a beginning. Unrealized profits from illiquid securities would be [to] unchecked disaster." Independent journalist Jordan Schachtel "explains the taxation only minimally. Not the bigger goal, ”said Schachtel. The journalist added:

The taxation of not realized profits gives the government the opportunity to monitor each of their steps.

Almost every contribution on social media and forums on this topic is covered with comments that indicate that Americans consider the taxation not realized profit to be a terrible idea. With the exception of mainstream media publications such as the Wallstreet Journal , Washington Post and other publications that continue to argue that the tax aims at the "billionaire class" and "exceptionally wealthy individuals". The American journalist and YouTuber Tim Pool said that the proposal was just a trick for people who have no money.

"Wanting tax, not realized profits, whatever", pool tweeted . "It is a trick with which rich people put on poor people who do not understand how finance and economy work. Wealth taxes will not do anything, people really don't understand the power of this huge wealth." Bitcoin supporter Stephen Livera Beton It says: "The tax on unrealized profits is legal looting. have done this chaos and now want to pass on the costs to the people. ”

The evolutionary behavioral researcher and well -known author Gad Saad sarcastically noted that the unrealized profit tax was a good concept. "That sounds like a good idea," said Saad contemptuously. "In addition, we should take punitive measures in the event of unrealized crimes.

What do you think that Janet Yellen and Nancy Pelosi tell the Americans that the legislator plans to enforce a profit tax that has not been realized in the next $ 2 trillion? Let us know your opinion on this topic in the comments below.

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