I think we will see a lot of profit-taking, and sudden increase in selling to avoid capital gains tax will trigger a lot of other people to pull out (because they are seeing everyone else doing it).
Also, changes to 1031 exchange and step up basis are going to hurt a lot of middle class and lower class who are trying to gain financial independence, pass on generational wealth to their kids. This tax plan is not progressive, not for the people, and I really don't see how people who think they're getting a free ride and hurting the rich think it is.
I think we will see a lot of profit-taking, and sudden increase in selling to avoid capital gains tax will trigger a lot of other people to pull out (because they are seeing everyone else doing it).
Also, changes to 1031 exchange and step up basis are going to hurt a lot of middle class and lower class who are trying to gain financial independence, pass on generational wealth to their kids. This tax plan is not progressive, not for the people, and I really don't see how people who think they're getting a free ride and hurting the rich think it is.