TLHLIM

I do think there’s a genuine gap here, though. If it isn’t taxable income but can be used as an asset, we’re driving more financial opportunity toward those with already considerable means to begin with in a way I agree is disproportionate. There will always be a conflict in tax policy between the consolidation of wealth and inflation/job creation impacts that the left only seems to understand when it’s a tariff. But I do think some reforms on how we handle unrealized capital gains as both a source of income and a financial tool should be explored.
 
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