Democrats want all your stuff. They aren’t only interested in your money to redistribute. They want to tax your unrealized wealth in paintings, cars, boats, homes, and so on. Under such a plan, they tax valuables each year. They tax the gains as if they were sold. Gov. Spanberger of Virginia plans to have such a tax on some items. Democrats like to say it’s only on the rich, but when the rich flee, they go to the next level of wealth—every time.
Their latest scheme is to pass wealth or exit taxes. It seems unconstitutional to me, but I am no lawyer.
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