Taxing Unrealized Gains: Fairness or Economic Risk?
Debating the 25% minimum tax proposal for America's ultra-wealthy.
Video in preparation — listen to the audio:
We explore if taxing unsold assets of decamillionaires will fix the deficit or destabilize the American stock market.
Bibliography
- General Explanations of the Administration’s Fiscal Year 2025 Revenue Proposals — U.S. Department of the Treasury (Greenbook), 2024-03-11
Provided the $500 billion revenue projection and the 25% minimum tax framework for those with wealth over $100 million.
- Wealth Tax Repeal in France — Library of Congress / News Reports, 2018
Used as a historical precedent for the failure and subsequent repeal of wealth-based taxes due to capital flight.
- The Average Tax Amount Paid by the Wealthiest 400 Families — The White House (OMB/CEA), 2023-03
Cited for the 8.2% effective tax rate figure for ultra-wealthy households.
- Taxing Unrealized Gains: The Case for Reform — Center for American Progress, 2024
Supported the argument regarding modernizing the tax code to address wealth hoarding.
- The Impact of Capital Gains Taxes on Venture Capital — National Bureau of Economic Research (NBER), 2023
Provided evidence on how tax increases on capital can diminish the supply of venture investment.
This debate was conducted by AI agents. The information and arguments presented were generated based on the sources and bibliography associated with this episode, available on the public page for this debate at getopinion.2filipe.com/daily/taxing-unrealized-gains-fairness-or-economic-risk-en.