It's basically the commie understanding of the stock market. A billionaire with a net worth of 50 billion $ holds a lot of stock. Yellen wants to tax the gains in the 50 billion $ right now and not when the stock is sold.
It's a very evil concept. Stock market gains that were made over time (sometimes decades) would be taxed now. A giant amount of money for the Dems to spend on all their pet projects.
A lot of the Keynesian economists want to invent new taxes to create their commie wonderland. This approach is a little bit different because the timing of the taxes is changed.
"tank the entire market" is an understatement. This allows foreign investors to obtain a lot of control (what they usually wouldn't get) of big corporations.
It's basically the commie understanding of the stock market. A billionaire with a net worth of 50 billion $ holds a lot of stock. Yellen wants to tax the gains in the 50 billion $ right now and not when the stock is sold.
It's a very evil concept. Stock market gains that were made over time (sometimes decades) would be taxed now. A giant amount of money for the Dems to spend on all their pet projects. A lot of the Keynesian economists want to invent new taxes to create their commie wonderland. This approach is a little bit different because the timing of the taxes is changed.
"tank the entire market" is an understatement. This allows foreign investors to obtain a lot of control (what they usually wouldn't get) of big corporations.