Name:   Talullahhound - Subject:   Janet Yellen is insane Date:   10/25/2021 9:21:32 PM

x /cYellen is insane. It is like they have programmed her and these wild ideas seriously come out of her mouth.  And to think she was the Fed chair. 

They are desperate to find some way to get their hands on the wealth - not just the billionaires and the millionaires, but this is going to backfire on the middle class.  It certainly doesn't bode well for those that buy and hold stocks that have increased in value.  I gather they will have brokerages report your unrealized gains as of a certain date?  And at a rate of 25%?   Why will anyone invest?  And I assume they will create a baseline for your unrealized gains?  Because other than that, they will be taxing it over and over.   And of course they will go after your 401K, your IRA or any other place that you are saving for retirement.  And when you sell your house, they will tax every dime of capital gains on that too.  

All so we can have a social welfare program that they have dreamed up.  It's like the lunatics have taken over the asylum.  Bettter to just blow your money and have a good time and let the government take care of you when the time comes.  I'm sure they have a plan for that too.