Taxing Unrealized Capital Gains — A Truly Bad Idea
Washington DC provides stiff competition when it comes to stupid ideas related to policy, spending, and taxation as regular fare, but the idea to tax unrealized capital gains is a real doozie.
Secretary of the Treasury Janet Yellen explaining her taxation proposal, “Just give me and Joe all your money. You can trust us to be good stewards. We can spend it better than you.”