the_dunk_tank

I agree with the outlook when it comes to stocks, if this tax is actually true for it. I've had stocks I've heald for nearly a decade and watched them go up and down by large amounts.

Having to pay a tax on the value they would go up in a year would mean I or anyone else would have to sell off some stock to pay for the tax. I make $50,000 a year. I couldn't afford to keep my stocks if they had a good year. Especially knowing if they went down the following year I wouldn't get the inverse action of a 25% loss credit.

They need to find other ways that more directly take on the issues of wealth disparity than something that's going to knock out the lower and middle class out of being able to invest in the market. Put limits on what corporations can do and property owners from having more than a certain amount of residential homes/apartments. Put a stop against using stocks and bonds as collateral against loans. Don't put this tax in effect unless the gains increase is in access of $1,000,000 or some amount. Don't screw up everyone else just trying to get by and save a little bit of money .