If Democrats get their way the taxman cometh, for 40% of the growth on your retirement savings every year in excess of $3M, on 40% of the gain of the equity in your home with a FMV in excess of $2M every year and 40% annual tax on the unrealized gain on every tradable or nontradable asset you own if you have a net worth of $10M or more.
If you think that math will never apply to you, think again.
What do you think a $3M retirement fund will get you if you plan to retire in 2040 or later? A lot less than you think.
What do you think average home values in your area are going to be in 10 or 15 or 20 years?
Educate yourselves on this plan to destroy all hope of real wealth accumulation, now that this folly is back under serious consideration.
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