Debate Intensifies Over Harris's Unrealized Gains Tax Proposal

Critics argue the tax is unfair and unconstitutional, while supporters say it addresses wealth inequality.

The proposed 25% tax on unrealized gains would affect individuals with over $100 million in assets.
CNBC hosts and tax experts have criticized the policy as economically destructive and legally questionable.
Supporters claim the tax would reduce wealth inequality by targeting the ultra-rich who benefit from investment gains.
Opponents argue the tax could discourage investment and lead to administrative complications.
The proposal is part of broader tax reforms backed by the Biden administration.