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>>179183Cynical Publius @CynicalPublius - My personal opinion?
You are far more valuable operating outside the sphere of electoral politics.
My 2c.
https://x.com/CynicalPublius/status/2037312223945605136Cynical Publius @CynicalPublius - The idea of taxes on unrealized capital gains for illiquid assets is the stupidest economic policy ever dreamed up.
It would be an economy-destroying measure that would basically eliminate the concept of privately owned companies (i.e., companies with equity not traded on the public markets).
The death of private companies would result in the death of the major innovation engine that has made the USA the greatest economy in the world.
Had such a scheme existed 50 years ago, Apple, Meta, Google, Tesla, Space-X, etc. etc. would never have come into being because they would never have been able to raise VC start-up capital.
If this law were to come to pass, unemployment will skyrocket, innovation will plummet, standards of living will be reduced to third world levels, and capital will flee offshore.
The nation will tumble into a decades-long Depression and none of the "social justice" ideas Big Chief Lizzie is speaking about will be affordable or even possible.
This is the worst economic idea anyone has suggested in any of our lifetimes.
But don't worry, Big Chief Lizzie will still get rich off of campaign contributions from the big banks and publicly-trade companies who will be the few beneficiaries of this nation-destroying idea.
Quote:
Elizabeth Warren @SenWarren
Today, I'm introducing my wealth tax — and more than 50 members of Congress are joining me.
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