Damus
James Lavish profile picture
James Lavish
@james
Let me be clear. If Kamala Harris somehow forces a 25% unrealized capital gains tax, the flight of capital out and subsequent collapse of the US markets would be absolutely breathtaking. And the ultimate result would be far lower tax revenues than we have right now.
6511❤️91🤙24💯4❤️2👍2☠️1
Tetsu Tamasi · 85w
Acceleration of collapse x5
Radokama Grandmaster Splat · 85w
All those angels who voted for her would stay and save us. 😏
Jay Pow Pow · 85w
It’s a warning to the techboiz backing Trump
Rob Woodgate · 85w
I bet there won't be a tax refund for unrealized losses.
jmb · 85w
Definitely heard this in Obama’s voice, haha.
Rand · 85w
"worry is a waste of mind" gr8 grand said "get back on your horse"
Peter Hasselblad · 85w
Agreed. It would be financial suicide.
Schickamoto ₿ 丰⚡️ · 85w
So... you're saying there's a chance that we win either way? 🫡🇺🇸🇺🇸🇺🇸
Tommy Volk · 85w
We’re headed to the right side of the Laffer curve, boys. Buckle up.
Miron Henden ⚡️ · 85w
Where do these people come from? Kamala might be a Matryoshka doll. 🪆 the gift that keeps on giving. You get her -> Bernie Sanders -> Lenin
Ernst Wittenschläger 🇨🇭 · 85w
Ignorant people with power = disaster.
Nic · 85w
Voting for Harris is the new NPC test.
JordanP · 85w
Only real option for US citizens is Puerto Rico or renunciation. I would imagine if they catch you not paying they'll just shut off your passport and then you can't even get back in (or out). would have to have a second passport and be denied US entry.
Drew F · 85w
If this tax actually comes into existence, I will be leaving.
Svoboda · 85w
You will save nothing. You will own nothing. You will produce nothing. You are nothing.
Doc ₿rown ⚡️ · 85w
We need to recognize the democrats sole goal mission is to get Donald Trump re-elected. It’s the only justifiable reason they’ve continued to talk about and market him for 8+ years. Now even the left policies are showing their hand.
Guerari · 85w
Right now, the exit tax on unrealized capital gains is holding certain Americans back to just vote with their feet. Once Kamala enforces an unrealized capital gains tax, every year, the current economic berlin wall will tear itself down
El Charras DeLaO · 85w
So you're telling me People wont sell their chingaderas to give the government money? But whos going to tech our Kids?
paulo · 85w
Hey James, I’m trying to understand both the dynamics and implications of such a move (wealth tax and/or unrealized capital gains). Let’s say capital starts to leave the US, don’t you think lawmakers would enact strict capital controls to corral their tax base? If so, would this be compatibl...
Turner · 85w
scrolled the entire comments section looking for just one that mentions the proposal would be for individuals worth $100M and more. not that that actually matters. but the fact that no one mentions it kind of does. fuck politics
Gokay · 85w
Nah, where are they gonna run? Bahamas? Dubai? Calm down
Neopatriarch · 85w
Would you say, it might be a "Bloodbath"?
CapnSteve · 85w
I think that’s the idea 🤷🏻‍♂️
Bird1984 🦜 · 85w
Funny thing is that most people know that. Except Kamala.
Tom · 85w
We don’t need a bloated government and they don’t need to steal anymore of our money
noobslayer69 · 85w
kinda want it happen so I can watch the fire works? is this wrong? haha
VampireMJ · 85w
If I was an American bitcoiner in that situation, I would fluch my bitcoins in the toilet and immediately forget my seed words. I can't have it, they wont!
Hendy · 85w
I wonder if this tax does happen, do privacy coins like Monero suddenly surge for obvious reason?
roll_the_dice · 85w
And to make sure we only target ultra high net worth individuals, we're just gonna need to surveil every single transaction everyone does, k?
₿uy the dip! 🌽🌎🟠 · 85w
💯 It was put to test in Norway already and the outcome was a disaster. I'm not sure how they are not aware of it. They all act like they are totally retarded.
Galetaire · 85w
That would be a reason enough not only to flee the country, but to abolish the government. The mental framework to approve such law can only come from deep insanity.
N-0-NAME · 78w
The important thing is that you will have the first female president and Hollywood will film a great movie to celebrate Democracy after a few years of how she fought corporate interests with a 25% unrealized capital gains tax!!!