Kamala Harris's Unrealized Capital Gains Tax Proposal Faces Intense Scrutiny

The proposed tax aims to levy 25% on unrealized gains for individuals with over $100 million in assets, sparking debates on its economic impact.

The tax targets unrealized gains, requiring the wealthy to pay annually based on asset value increases.
Critics argue the tax could lead to capital flight, reduced investments, and economic instability.
Supporters believe it will promote fiscal fairness and increase government revenue by $502 billion over a decade.
The proposal differentiates between tradable and non-tradable assets, complicating its implementation.
Harris's endorsement aligns her with Biden's broader tax reform agenda aimed at the ultra-wealthy.