The idea is to absolutely reduce investment so the collapse comes sooner.
These were the same bastards who profiteered off of Covid and continue to carry water for the Dems. Tax the hell out of them.
I’ll just say if I had half-a-million around to invest in mutual funds/stock...this would influence me to just put it in a safe bank CD for 5-percent a year....signing up for 5 years and wait out Biden’s next four years (if he were to win). Whole market would downsize with everyone buying into Bitcoin to ‘hide’ their money.
This whole discussion reminds me of era after Hoover left, and how FDR screwed over financial markets all the way to entry into WW II.
While commercial real estate crumbles due to a fake cold virus.
This idea will kill it for good.
Think about what this will do to farming.
Most farmers are land rich but operate on borrowed money.
This tax plan at the levels quoted will make it impossible for heirs to stay on the farm. They will be forced to sell the land in order to pay the tax.
Any family owned business will subject to the same pessure to sell.