CNBC Host Rolls Eyes at Economically Illiterate Kamala Harris Economic Adviser

A top Kamala Harris economic adviser demonstrated a hilarious lack of knowledge of economics in making an argument even a business school freshman would realize is an apples to oranges comparison. 

One of the most absurd policy proposals of Harris, of which there are few, is taxing unrealized capital gains. She wants a 25% tax on unrealized capital gains for individuals with more than $100 in net worth - and also an increase in the corporate tax rate from 21% to 28%.

In other words, if someone owns a stock or property that increases in $150,000 in value to $200,000 in a year, the $50k difference gets taxed regardless of if it’s sold. 

While liberals are happy to remind us that this proposal is supposed to only apply to individuals worth $100 million or more -that’s just how it starts. Never forget that the first income tax only affected those making over $11 million in today’s dollars, and was a mere 7%. 

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