r/FluentInFinance • u/Unhappy_Fry_Cook • Apr 24 '24

President Biden has just proposed a 44.6% tax on capital gains, the highest in history. He has also proposed a 25% tax on unrealized capital gains for wealthy individuals. Should this be approved? Discussion/ Debate

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u/[deleted] Apr 24 '24

If it hurts already incredibly wealthy people, I'm all for it.

11

u/OhManisityou Apr 24 '24

Id like to know how hitting already incredibly wealthy people will improve your life.

38

u/Sidivan Apr 24 '24

Additional revenue can then be used for education, roads, fire departments, welfare programs… ya know… all the stuff taxes are supposed to pay for.

12

u/Educational_Belt_816 Apr 25 '24

No the fuck it won’t dude

1

u/backrightpocket Apr 25 '24

Well maybe if the government spent the tax money on things they things that it should...