Kamala Harris Takes on The Rich

Kamala Harris is proposing a bold new plan to tax the wealthy at 25% on unrealized gains—a move that has sparked intense debate. But before we embrace this policy, it's crucial to look at the real-world examples where similar strategies have been tried—and failed. Norway attempted to tax unrealized gains, leading to an exodus of wealthy individuals and a sharp decline in investment, forcing the country to reconsider its approach. Across Europe, wealth tax policies have also been repealed after proving to be economically disastrous. In this video, I dive into the details of Harris' proposal, compare it with Norway's failed experiment, and explore why wealth taxes have struggled to succeed globally. Could this policy backfire in the U.S., causing more harm than good? Tune in to find out what history teaches us about the potential risks and consequences of taxing the wealthy in this way.

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📜 Disclaimer 📜
This video does not contain any financial advice, nor should any of the content be construed as financial advice. Capital Recon is not a licensed financial advisor. The market is a volatile place. Please proceed with caution and do your own research before making any type of investment!

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