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The tax applies only to individuals with at least $100 million in wealth and mostly affects hedge fund managers.

t_d thread: https://archive.is/5pFXr

here's fox news trying to convince people that the tax will mean that if your home goes up in value, the government will take your house: https://archive.is/Ay89M

"This would be the most crazy tax structure we have ever seen. It makes Venezuela look normal. It makes Russia look normal," Gingrich stressed. "That speech last week in Raleigh, where [Harris] outlined her economic plan, that was crazy. That was so far to the left of Bernie Sanders that Gorbachev in Russia would have thought it was a radical speech."

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[-] winkerjadams@lemmy.dbzer0.com 8 points 2 months ago
[-] SoylentBlake@lemm.ee 42 points 2 months ago

You can't even buy a tiny house for $100k

[-] nohaybanda@hexbear.net 37 points 2 months ago

For the vast majority of people this isn’t spending money, it’s taking on debt

[-] GaveUp@hexbear.net 36 points 2 months ago

Average dbzer0 user

[-] axont@hexbear.net 21 points 2 months ago

yeah sure my credit rating is like 348 last time I checked

[-] hexaflexagonbear@hexbear.net 20 points 2 months ago* (last edited 2 months ago)

Not taxed under the proposed law.

this post was submitted on 25 Aug 2024
158 points (99.4% liked)

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