Thread by @RealReaperCEO

I know not everyone understands what this means, so I'm going to break this down.

@JohnEDeaton1 @digitalassetbuy @DigPerspectives @attorneyjeremy1 @theRealKiyosaki @ZachRector7 @MarketsMickle @WendyRogersAZ @Toth_4_Texas @CynthiaMLummis

#Unacceptable

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https://twitter.com/business/status/1508035364816138242

Unrealized Capital Gains would include an increase of value in stocks or shares of a company.

If a company were worth $100,000,000 and that value doubled in a year to $200,000,000; there is a $100m capital gain that is unrealized until sold.

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In my own case; with Reaper Financial LLC, I own 70% of the company, so I would be obligated to pay 20% tax on $70,000,000 amounting to $14,000,000.

Although this is now what my shares are worth, I did not make this much money.
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In order to pay my Tax Bill for having grown my company, I must sell 7% of my company. Now I would only own 63%.

But it gets worse; I sold that against the shareholders in my company, so now I have suppressed the price and those who knew the sale was coming would also sell.

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But wait, it's worse! Not only does this force companies to sell into their own stock and incentivizes market sell-offs, but it incentivizes owners to not grow their company or they will be punished for it.

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Over a few successful years of growth, you will lose controlling interest in your company. That's right. If this was in place over the last few years, @elonmusk would not have been able to maintain control of Tesla. The Government would have forced the sale of the company.

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But who actually get's control of the companies that survive? With the market in the tank, the Federal reserve buys Stock to support the price of the market using money they print from thin air.

So as the economy suffers, the Government 'seizes the means of production.'

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This is not a 'Tax the Rich' proposal. This is a thinly veiled power-grab in which the end result is Communism. Every American should speak out and fight this with every ounce of power they have.

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