Emotion shouldn't factor into it, but a realistic understanding of history should: Anti-intellectual populist demagogues like Trump who work to de-institutionalize the system often presage systemic collapse or at the very least disestablishment of norms and the rule of law. On the other hand, if you take a purely dispassionate and data-based view of anthropogenic climate change, a woman's right to choose, and are disgusted with religion more generally, voting against Trump should be easy with zero emotion and pure logic.
@@VesperAegis I guess you don't realize the economic chaos and disaster that UNREALIZED capital gains taxes would cause. If that were implemented, you would have massive capital flight from the entire US. Within a year, you would have the collapse of the US economy. This would allow the mainland Chinese to buy out practically all private assets in the US. Anyone liking this policy of hers needs some economic education.Ask anyone familiar with accounting and finance.
Definitely don’t want to do that without being properly informed and this breakdown helps a lot. Shows why more informed folks just flat out openly call her communist.
Its how all propaganda and control of masses work, they appeal your emotional "feel good" side, (or the feel angry) to turn of your logical thinking. there are many psychological studies showing this effect working on both financial and like strategic discissions, Even in martial arts if u can get your opponent emotionally riled he is more likely to attack over-agressively and leave themselves exposed for a counter. Stay cold headed people, take a couple deep breaths before reading the news and understand why and what the emotional "triggers" aimed to do. a good way to start this is just analyzing headlines in news.
The only American who won't acknowledge this Administration's failed economic policies is Joe Biden. "Shrink-flation' is the least of our worries compared to rising rents and stagnant wages, but it is an undeniable indicator of how bad our inflation has gotten hopefully with trump it would be different. I have $100k that i like to invest in a non-retirement account, any advice on that?
I would avoid index funds, mutual funds, and specific stocks for the time being. Right now, the best option is a fixed income of five percent. Put money aside for the times when the market really starts to bounce back.
45% of Americans do not invest in the stock market because of lack of guidance. Every year you don't invest, you are falling behind. I’m hitting numbers in the stock market I used to dream of… Going from $50k to $600k in my portfolio is surreal all thanks to insights from my financial advisor.
True. I first came across investing in the market in 2019. Already stashed about $480k in savings then, and the free money from the Government was pouring in, increasing inflation rate. I just got an advisor and kept the money there, just because I didn't want to keep the value of the money depreciating in the bank. Tbh, it's the best investment decision I've made since then.
And they use your money, and money they print from nothing, to go after you if they want. Government works for us, not us for the government - why is this forgotten...
@@SigFigNewton You've obviously never owned or operated any business. Even small businesses pay a variety of taxes each year, even if they are losing money. You also have no clue what the proposed tax would do to the entire economy.
An open minded person can look at these policies and see they are terrible for our country. Thank you for doing this video. It's information people need.
@johnymossville How? Who cares if warren buffet has to pay his what he owes in taxes? Oh no mister buffet has to sell a bunch of stock and break apart his monopoly making stocks drop in price. Oh no I'll actually be able to afford some of this we'll preforming stock for once in my life. This lady's doing the same thing as tim pool and regurgitating fox news talking points and then taking money from groups that benefit from her talking points. It's a sad joke this is independent news this is just a person pretending to be a person with an opinion when they are bought and paid for by Corporations the only ones who will be affected by unrealized capital gains tax
She lies several times in this video, I don’t know if she knowingly did so, but still several of the lies seemed very targeted. For example, she said that Kamala has not spoken about how the tax plan will address unrealized losses and that is blatantly untrue, individuals would receive proportional loss carry backs for any unrealized losses.
The idea of providing free healthcare to illegal immigrants and not the legal immigrants who have obeyed the law, worked hard, and paid huge fees to be in the US is insanely offensive.
It's also insane financially, given all the debt we ALREADY have, and how unaffordable health care is for SO MANY American citizens and LEGAL immigrants.
seems like the problem here is that it is too hard to migrate to America legally? illegal immigrants still commit less crimes than legal americans across the board. i agree it conceptually feels weird to pay for someone who comes here illegally, but most illegal immigrants come to america to work hard and contribute to our economy. too often they are used as scapegoats when crimes are committed. america has bigger problems than this
@@rooftoparugula5679why should it be easy to become legal? The process is difficult because people have to run background checks or else we’d be welcoming criminals with open arms and a higher rate than some of them are already coming in. The US is already full of issues when it comes to debt as is. Are we going to all pay for their low income programs?
As a tax accountant, I’m relieved to see that my viewpoint about this nonsense is shared with yours. Mind blowing how this is spun as “opportunity economy”🤯
Because taking stuff away from the rich gives stupid and unproductive people some pleasure that they can't get by getting rich themselves. They want everyone as miserable as they are.
u went to community college huh u still believe in trickle down economics…she didn’t mention how kamala wants to give small business owners 50,000 dollar grants and only mentioned tax policy applicable to people making over 100 million. this girl has to be paid by Xi Jing Ping
I believe the retirement crisis will get even worse. Many struggle to save due to low wages, rising prices, and exorbitant rents. With homeownership becoming unattainable for middle-class Americans, they may not have a home to rely on for retirement either.
Consider buying stocks when the economy is not doing well, like during a recession. It could be a chance to buy them at a lower price and sell later when prices go up. Just keep in mind, this isn't financial advice, but sometimes it's better than keeping a lot of cash.
Accurate asset allocation is crucial. Some use hedging or defensive assets in their portfolio for market downturns. Seeking financial advice is vital. This approach has kept me financially secure for over five years, with a return on investment of nearly $1 million.
‘Grace Adams Cook’ is the licensed advisor I use. Just research the name, you’d find necessary details to work with a correspondence to set up an appointment.
It's good you make your own research. and make sure whoever you work with is licensed n verifiable with a repute, this Grace looks the part but i'd do my due diligence. I set up a call, thanks.
She only barely nicked the surface of the problems with an unrealized capital gains tax. 1) It will require every American to submit their entire estate to be capital audited every year, to prove what your networth is, to assess your tax burden. 2) Inflation will drive every middle class American into this tax bracket over time, just like it did with income tax (which was supposed to be temporary and only for the "rich"). 3) Yes, there will be a HUGE sell off of assets into the market to create liquidity to pay the tax bill, which will destroy the value of all asset classes, which will affect every single middle class American who owns any asset, which is most of the middle class (private holdings, 401Ks, IRAs, real estate, etc). 4) Where will the liquidity come from? If everyone is selling to pay Uncle Sam, who's going to have the money to be buying? After all, all the people with the money are getting shaken down. The only way this "could work" is if the Fed steps up with their printer and provides the liquidity, which means the government is going to end up owning all of the businesses and assets in America, as the Fed buys everything in order to cash people out for their tax bill. 5) This means that businesses will no longer be ran by the private sector, but by the government. The same people who are so out of control with their spending, and providing nothing in return, that they needed to resort to this sort of robbery. Do you think they will run these business any better than they do the country? 6) This ultimately results in no American owning anything, and we are all just working for the government. 7) Of course, when you own nothing, and can own nothing, there is no incentive to work or to innovate. So the government will then be forced to require people to work, and they will resort to heavy draconian methods to make that happen. Welcome to the USSA.
@@Sataka23clips They definitely have a game plan for the former, I'm not sure how the latter works. Though my guess is they solve for that the same way every other despot gov has.
Call me a bit of a conspiracy theorist. But it feels more realistic for me to imagine these policies stem from some sinister motive rather than out of pure ignorance.
Probably true for some of Kamala’s Democratic advisors. I really get the sense that Kamala herself has no idea what she’s talking about when it comes to economic policy, hence why she tends to avoid discussing it at all costs
Yeah, could you imagine DOUBLING the Estate Tax Exemption AND the Gift Tax Exemption at the same time, while LOWERING the corporate flat tax rate from 35 to 21 percent? Imagine what a FAT handout that would be for the 1% and the ultra wealthy. This corporate tax rate reduction is estimated to cost $673 billion over 10 years No, wait, that was Trump's 2017 tax bill that he signed into law. This significantly reduced the yearly taxes his own businesses realize. A fat handout to himself too and his newly billionaire son-in-law Jared Kushner who got $2 Billion out of the blue from the Saudi Royals.
That's because they do. Kamala might not know just how bad these things are, but her handlers certainly do. Just like Biden's handlers at the World Economic Forum understood how bad they were.
No, she's biased. It's okay if you like her perspective, but there's a lot of bias. "Radical" is a biased judgment, not a fact. And she's misrepresenting the policies. She's labeled one as communist when it's not. She's given lots of talking points that are assumptions about the future without sufficient factual support. Again, fine if you like her take. But it's not okay to believe she's being unbiased in her presentation
But she is not being rational. Communism is a stateless, classless, and moneyless system where the state owns the means of production. Her claim that Harris' tax policy is "communism" is irrational and somewhat ignorant.
unrealized gains will destroy investments, destroy retirement, destroy wealth generation, destroy property ownership, etc. and it will tank the market.
Thank you so much for this very succinct and sensible presentation regarding Kamala's financial policies and implications. Unfortunately no single mainstream journalism covers the issues as clearly as you did in this single video.
I'm glad you mentioned the historical signifigance of price controls. It is hard to look at what has happened in the past and believe that would go any better today. Good video! It wouldn't hurt if you left some of your text clips up a little longer.
I agree, and actually very let down that a lot of people have no idea. The first thing I did after hearing Kamala say that was google, "times the u.s. has tried price control/setting." I wish more Americans put effort into research. Also hurts competition/innovation
@@Illiyinmusic😂 People on the street being asked who they’re voting for & why are simply saying: Kamala-because “she’s a woman.. or.. she’s not Trump.”Or “the first female black” president would be nice.” People have ZERO CRITICAL THINKING SKILLS. They aren’t looking into ANYTHING. If they did they wouldn’t accept this installed candidate nor would they EVER ask for 4 more years of this misery. But no..ORANGE MAN BAD. So if it was ANYONE ELSE that was NOT ORANGE MAN.. this country might have a chance with that attitude but no we’re headed down a very dangerous path. The owned media has done a fantastic job of serving up a narrative on a platter & these sheeple are eating it up with blind adherence. Mind blowing & SCARY.
@@mangreeramnarine4183 You are insane. I am Vietnamese and my family suffered due to communist price controls. I pray that Jesus lifts the veil that is over your eyes, amen. You Westerners are so spoiled and clueless, that is what's actually insane. I'm a first-generation immigrant and I love this country more than you do, that doesn't even make any sense. If you love your country you'll be voting for Trump. Even if you don't, that's ok. We're winning the country back no matter how much blood sweat and tears it takes. This country is beautiful and we're not going to let the Marxists ruin it. My family ran away from Vietnam, but we're not running away this time. In God's mighty Name, amen.
@@mangreeramnarine4183 I am Vietnamese and I literally know first-hand what price control does to an economy. You are insane. I pray that the almighty God lifts the veil over your eyes. If you love your country you will not be supporting literal Marxists man.
9:28 Margaret: I also find it quite fascinating that Kamala herself states that she believes in equity over equality, where no matter what place you start from, you all end up in the same place. That's a really interesting statement to make because that is actually one of the principles of communism. Harris: Which is everyone should end up in the same place, so we all end up in the same place. Kamala is currently worth $8M, which is $2M more than when she became Vice President. Unrealized gains, perhaps? She and her husband own a mansion in Brentwood, California, worth $5M. She still owns a 2-bedroom apartment she bought for $2M in DC when she was a senator. And, she still owns a $1M condo in San Francisco that she bought when she was Attorney General. Yeah, I'm ready for some of her equity to come my way.
Somehow every socialist leader who ever existed seems to end up with millions of dollars when their subjects... er, proletariat class is still struggling.
And, Don't forget that HoHarri$, in ITS present position will be $tealing 3 PENSIONS form WTP: DA of CA, US Senator, & VP; & this starts in Oct 2026And, HoHARRI$ Obviously Doesn't Mean WE; IT specifically means the 99% of WTP; & it looks like the ILLEGALS will be Living a much Better Life than US Citizens of AMERICA
Glad you mentioned inflation hitting groceries. Prices at the grocery store are frequently pointed to as indicative of corporate greed, but when you look at the big grocers(kroger, albertsons, etc) while their revenues have increased a lot, their margins have basically remained the same because their COGS are rising commensurately.
Margret you’ve done a far better job than any mainstream media so called journalist in addressing her policies. Keep up the smart, diligent and good work!
@@babypuppy9614 for real, as young licensed professional, if I ever heard someone describe things in this manner of 'communist' and 'radical' while attempting to back it up using freshman macroecon theories. I would immediately presume they don't know much of what they are talking about. It's fine to be passionate as she seems to be, but this is certainly not very professional in the very way she's using rhetoric.
I could point out several lies within this video that completely corrupt any semblance of a real argument this woman has against Kamala’s economic policies, but ya’ll just ignore it or make bullshit excuses.
The great paradox is that the people who need to hear this won't watch this. They don't bother listening to anything that contradicts their worldviews. It's a crazy way to go through life.
The great paradox is people watching this and somehow hearing an alternative reality about the government taking their money because they confuse this with a wealth tax. Never mind the fact that this would apply to like 10k people in the whole country.
@@tomdailey6915 Ah. A wild Kamalatard has appeared. So, you think that as long as it doesn't directly harm _you_ then it's ok to steal from someone else. Taxing unrealized gains is the stupidest policy ever put forward by anyone ever. Hands down. You don't see the problem with stifling investment, eh? Don't have a 401(k), do ya?
Or in one ear out the other. Stock market crashing because of major sell offs by those people hurt basically everybody not "like 10k people in the country". Not rocket science haha
As someone from the middle, I search out videos like this because I am not a financial expert, and I don't trust the NEWS to give me good financial advice. Thanks for existing and giving your opinion and insight on this.
Excellent video. I’ve heard of her economy plans and sensed they are not right but you’ve categorized and analyzed them very well. Thank you great job!
I LOVE how you explain economics in simple terms!!! You are not partisan at all, you just explain and lay out how economic policies will affect our the US. Keep up the good work!!!
I would say calling Kamala’s policies communist is pretty partisan. Why do top macro economists agree with them? As someone who majored in econ in school, this accountant doesnt know anything
They just denied me and my son for state health insurance. I work a full time job and legally here since the 90’s, while my son is a U.S citizen. But they’re out here taking care of illegal immigrants.
Really great video! This just reassures me that we made the correct decision for who is president. It's quite unbelievable that somebody with such horrendous ideas for policies can suddenly become the frontrunner of one of the two biggest political parties in the USA. It has become a situation where anything that one party does must be opposed by the other, even if it comes at the cost of the country.
@raudelulloa2597 I feel the same. There was only a sales tax n then ww2 happened n they brought back income tax n it stayed that way. Now we are 34 trillion im debt so u know it's here to stay
If you're telling the truth, you're always in the right. No matter what wrongs it brings, telling the truth is always right, we all applaud you for that. Keep it up!
You're a brilliant speaker. You took a topic that I have no interest in and way too much political heat to even feel comfortable diving into, and then you captured my full attention for a full 10 minutes, and I came out with a significantly better understanding of the issue and not politically triggered at all. Kudos to you, and thanks for taking the time to educate us! ❤
didn't provide data, lied about the 3rd policy, and misrepresented the 2nd policy it sucks that you believe this stuff without even bothering to factcheck.
Wow, congratulations on your impressive :nvestment success! Your discipline and focus on delayed gratification is truly inspiring. I'm curious, what are some of the key factors that you consider when making :nvestment decisions? Do you have any tips for those of us who are just starting to dip our toes into the world of :nvesting? Thanks for sharing your story!
Tax form: What was the total spent in lottery tickets: $3 What were the combined total jackpot sizes: $1.35 billion What were your earning from the lottery winnings: $0 You owe $337 million in unrealized gains tax , or $56 each if everyone who played distributes the unrealized gains tax.
I also worked with her in law enforcement in the Bay Area about 20 years ago & found her to be insufferable!! Very condescending & unwilling to listen to other points of view. Thanks for explaining these economic policies! 🙏😊
I would bet that she is still voting Kamala though, so really what is the point. I can go ahead and make the assumption now.. anyone who was already voting for Kamala is going to still vote for her. It doesn't matter what new information they acquire. To me that is the scariest part of this.
@@BigBoomsAreCool Yea I understand that is the democrat reasoning, but I don't understand how none of them can explain why. I know why you're voting Kamala.. it's because it's not Trump.. but why not Trump? I think both of them are stooges, I'm just curious why Trump being president (again) is so scary to you.
Only just now seeing this on 8 November, I had no idea about the unrealized capital gains tax. Thank goodness America made the choice it made 3 days ago. Kamala would have been even worse than Biden, it seems, as well as being accompanied by a huge outpouring of nauseating wokeness. Thank you too, excellent videos Margaret!
I’m 48, and I can’t tell you how refreshing it is to see someone your age understanding and explaining all this so well. Even if it’s your profession, to be willing to speak facts these days is truly a revolutionary act. I had an understanding of this before, but not well enough to explain it to anyone else effectively, so I appreciate your video bc it’ll help me do that in the future. I’m seeing a lot of ppl know “something” isn’t right about these policies, but don’t understand the implications. I just subscribed, so I’m looking forward to catching up on other videos too! Thank you!
@@liz9284 she’s wrong. Passing on wrong information. Enjoy her videos! Basically a tik tok brain creating TH-cam content passing herself off as a expert
@@samuelcheung4799this video is just straight up fear mongering her points were dishonest and incomplete. For example Kamala’s 25% tax would include realized gains something she didn’t mention also she brought up failed communist states like Cuba and Venezuela as points for why setting price limits is bad. First of all she wants a ban on price gouging which isn’t the same as price limits. Also she failed to mention countries where it works accordingly like parts of Europe for example. She brought up those countries disingenuously to try and scare you without actually explaining why those countries failed(they failed because of us policies) among other things and the last point is bad because most illegal immigrants already pay taxes believe it or not. Also California already subsidizes half the red states in America so why do I care if my taxes help other people literally not die? Kinda heartless imo we can help multiple people
Great analysis for undecided voters. We need more of this, where data and analysis are used to show what little info on actual policy decisions would mean financially for the majority.
But this data and analysis is one sided and is one possible scenario that would exist ONLY IF HARRIS MADE ALL DECISIONS REGARDING THE ECONOMY. There is a reason there are 3 branches of government, although the Trumpublicans continue to tests its existence. There is like a few of us here that recognize this as just comfort food for the Trump supporter. Jeez.
@@fabioliveir Okay, I watched the one Harris vs Trump's polices video. I guess this is what you were talking about? She didn't truly trash his but her conclusion was they both had a mixed bag. I still say that Harris is speculative while we can look at Trump's first 4 years and gauge how he will handle the economy. Even more so now since he claims it's a terrible one (here's a hint: It's not).
It's also a feature that the people pushing it appear to be extremely stupid. Easier for people to accept a stupid person naively passing bad policies than to accept wealthy benefactors purposely destabilizing the economy in preparation for takeover.
@@seaocean4868 I can't believe someone would abuse Rossman's quote like this. This literally targets only people that make subscription models or own so much stock, they wouldn't even notice if they lost 40% of it. 100 million is a lot of money. This hurts absolutely nobody except the ultra rich.
@Gh0stGir1. try looking up the channel Gary’s economics.. guy is a self made millionaire trader and worked for one of the biggest banks in the world. Retired young. Guy knows his stuff and advocates for taxing the ultra wealthy in a similar way. Guy knows his stuff and is world class. Far more qualified than this accountant.
Thanks for being brave enough to talk about this. As a fellow CPA, I’m extremely disappointed Trump had an imperfect debate this week. Now people are talking about distractions, rather than the real issues. I believe people just don’t have the education to understand what the implications are from Kamala’s policies, and therefore will vote for our own demise.
What would actually happen is a minor portfolio rebalancing in which people worth over 100mil increase their ratio of bonds to stocks. This reduces stock valuations (hmm looking slightly more tempting) and reduces bond yields (hmm looking slightly less tempting), and the great mass of wealth owned by people worth less than 100million counter shifts *their* portfolios to a *decreased* ratio of bonds to stocks.
Yeah except for the fact that unrealized gains taxes are not in addition to realized capital gains taxes, but instead a downpayment on future capital gains taxes, which is a huge crux of her argument, but go on.
@@Alexadria205what about unrealistic cgt and free medi care for all illegal immigrants that will cost tax payer a min range of $100-200 billion annually.
@___dh__dh__ Her crazy proposed idea has not been put into a bill yet, so how could you even say that it wouldn't be "in addition to"? In order for you to even have an argument, you would need something to go on, and all we have now is what she said in her policy idea. It makes more sense to assume it is an additional tax rather than the opposite.
I may not be among the ultra-rich, but taxing unrealized capital gains seems extremely unfair. My concern is that what starts with one group could eventually be applied to everyone, or at least has the potential to be.
Indeed. Now, they are saying they are targeting people worth over $100M. Wait until they lower that bar to $50M, $10M, $1M... This policy single-handedly will destroy the economy. Their plan is to enlarge the government, destroy the middle-class, and eventually make everyone dependent on the government which is the core concept communism and socialism. I get that some people do not like Trump's demeanor. What I don't get is someone who supports Kamala who doesn't even hide her intention to take away your financial freedom and eventually turn this country into communist country.
She's really trying to dismantle the upper class!! This would be the beginning of the end of wealth!! And this plays right into her desire for everyone to be "at the same level". Just so stupid!!
Oh wow! I had no idea. Thanks for breaking this down in simple terms. That’s actually insane 😟. Now we understand when we say knowledge is power, this information should be shared, it could help some people make more informed decisions
I might not be educated but I'm not stupid. I actually try and research what is being said. I wish more people would do the same. Your videos are really informative and easy to understand and I appreciate them.
I'm from the heart of Los Angeles, so I also know firsthand some of the craziness that results from ridiculous liberal policies. Good on you for making this video, because I know there are a ton of people in Cali who DO NOT agree with a lot of liberal policies, but are too afraid to say anything publicly because of the threat of cancel culture that is so prevalent among the crowds of the left. Much love for making this vid!
@@jmanke6057 I left CA too, I couldn’t take the insanity! I also don’t understand all the rave and support for Kamala, given the examples of California. Too bad Trump is such an unlikeable person. It may cost him the election.
@@gregstewart7288 The issues that really worry’s me is the loss of free speech, and the weakening of our Republic’s constitution. I can’t think of a marxist system with as much hope as our Republic which it was beginning to have. Until recently we had moved away racism and the classes finally beginning to get opportunities. We need tolerance for every American and finally beginning to see all as the same as Americans to honor all. The democrats seem to be using separation and pitting hate against all we should have moved past that. Democrats now willing to do anything for the win, even at the loss of honor and hope. Wish everyone could have seen Trumps unification speech made you proud to be an American. Harris and Walz haven’t impressed me yet but they will do whatever it takes to win. Pray for our nation in that case. Hope we get an honest election who ever wins. If it’s 50/50 then state representatives pick if you go by rules. VP or president aren’t the ones to accept next time they will follow the rules without confusion. Wish I hadn’t felt I had to leave the Democratic Party now an independent. Harris has to prove she loves our system or it maybe a mistake voting for her. Thankfully the VP’s seemed presentable to the nation unlike the fiasco of a debate for the ones running for president they both should have done better. Sorry to write so much just trying to feel better about voting. Know way I need to lean.. Still hope they step up and be stronger.
And as long as they allow themselves to be intimidated into silence, things will only get worse. You don't stop evil by cowering and hoping it passes you by. If you want to stop evil, you have to stand up and actively stop it. Tells us a lot about the quality of character of Californians...
@@sststr I use to fight evil but now. I need to get my second wind. I know what you mean. I’m leaving it Lords hands. Hope we get more than we deserve hope love drives hate away. Dreams become available for many
A young woman living in the left coast who is Not mesmerized by the Joy and unburdened history rhetoric. Thank you for thinking and not feeling. You are renewing my hope in future of this country❤
It is women, especially young women, that will decide the fate of this country with the next election. Everyone else is on boar with Trump. Both married men and women are for Trump. Single men are for Trump.
That was also my thought. She grew up and lives in California Bay area but is not brainwashed by the Dems. There is still hope for Communist California.
Kamala literally wants to give small businesses federal grants of 50,000 dollars but this Chinese foreign national won’t mention that…this girl is only mentioning the tax policy that applies to people making over 100 million bc she’s a communist
u went to community college huh u still believe in trickle down economics…she didn’t mention how kamala wants to give small business owners 50,000 dollar grants and only mentioned tax policy applicable to people making over 100 million. this girl has to be paid by Xi Jing Ping
Journalists used to tell us what is happening, now they spend more time telling us what is NOT happening and to not believe our own lies. That sounds incredibly distopian.
I love hearing the opinions of educated accountants and economists talk about a politician's financial plans. 9 times out of 10 the consensus seems to be "this is nonsense." Thank God for the sane voices amongst all the hyperbole and empty rhetoric of politics. By the way, this video might need an update soon!
I appreciate how well spoken and unbiased this is! I also love that you cite certain sources and let us know where we can look for this info on our own accord, great vid!
@@PS-js9oh I can say the same about what she said in her video.. she’s literally making it up as she goes. Honestly go out there and educate yourself, on TH-cam if you must with real experts
An unrealized gains tax is a fatal economy ending policy. You can't redistribute wealth without destroying it. A hundred pieces of car is not a car. A wealth tax would force liquidation of wealth to pay the tax in a downward spiral until everyone was equally destitute.
My concern with the unrealized capital gains tax has been my suspicion that it will cause major, wealthy stock owners to sell off. That will have a huge effect on the stock market. That will have an effect on everyone's 401k. I don't think many middle-class Americans can afford that kind of thing.
@@Sataka23clipspeople tend to either invest or spend. If there’s no longer a huge excess of capital sloshing around asset markets, it would probably mean more of that money actually being spent
I don’t foresee a *huge* selloff. For one thing a LOT of the money in the market is millionaires who are worth less than a hundred million. And secondly, it would still be worth it to invest. “Oh no, my equities only went up 6% instead of 8% this year!” Yeah ok, so you gonna choose to stop gaining?
Capital gains is how money flows up, and it’s money accumulating at the top that has *actually* been hurting our economy. Our system literally couldn’t exist long term *without* redistributing some of the constantly-flowing-up money back down to us.
Idk nothing about Kamala’s policies are communist.. that was totally out of pocket and very biased. Plenty of presidents before have done things in her policies
Six minutes and 30 seconds in, and you just answered the question for me on Trump‘s most recent rally in Michigan, where he answered Barbara, how he was going to bring the cost of groceries down by chiefly and firstly, reducing the cost of energy. I don’t understand a lot of economics at all, and I literally had no idea that grocery stores have to raise their prices in order to keep up with the higher cost of energy. I just subscribed because you made that link for me, and it’s average every day people using their smarts and or degrees to break down the world around them comparative to so many of my friends and acquaintances, who are graduating from university and literally have no critical thinking skills or logic to put towards who their voting for and why they are voting for those people. Thank you so much for this video!
I’m pretty sure that is the intention. WEF wants us de dollarized and on their new global currency roll out where they can decide who can or can’t participate in the market. There are malicious actors at play in an attempt to subvert and topple and replace our economy.
Holy shit someone is actually talking about POLICY?! This is absolutely what we need more of in this country. Breakdown of policies rather than obsession with emotional culture war bullshit. Well done 👏
It’s definitely a hard pill to swallow for many taxpayers, especially when so many of us don’t have access to healthcare ourselves, yet we’re expected to foot the bill for healthcare for illegal immigrants.
@@LowkeyXxx These businesses that are starting out and growing fast that are maybe family owned, don’t just have millions sitting in the bank to pay for unrealized gains. Options are to keep the company small or sell off part of the company. Hurts economic growth and is death of the American dream
What I don't understand about this policy is the threshold - $100 million in wealth, but it's supposedly a "billionaire tax". I think both sides can agree that mega-corporations need to be limited in their power... but this isn't even targeting them.
@@1dingerr This wouldn’t limit the power of mega corporations. It would force mid sized businesses and family businesses to sell off part of their companies. Likely they would sell off to the black Rock’s of the world. It makes zero sense regardless of your economic leanings
Come on. There's politics here. She's framing it from her belief system and making a lot of assumptions. Plus calling this communism is ridiculous. Communism is a classless society & painting this as a communist policy is a misrepresentation thst makes it sound scarier than it is, to people who have believed the propaganda about communism.
I hope this was a collegiate assignment submission. You did a really good job explaining basic economics. I won’t say anything about the election but dang…thank you! You made hours of research into a 10 minute video.
My husband explained this to me but I tried not to listen because honestly I don't wanna stress over politics. But since you're on my recommendation for how many days now, I think I needed to watch this and I did. U explained it simply and straightforward so that I can understand it.
You don’t wanna “stress over politics”?? You do realize that this will affect everyone? This isn’t something you can ignore because you think it’s “too hard”
This is the time you should now sit down with him and actually talk politics. Whether you’re just listening or also adding to it… talk to him. Talk with him.
Good to know you've made a decision. But I honestly don't understand why people are still undecided at this point. Yeah I get that people are put off by Trump's personality or don't like his mannerisms. But what I don't get is how they could entertain the thought that Harris is a reasonable option. This is about survival. Harris is offering us a concrete life vest with matching boots.
@@OOICU812 Exactly! I don't care if the president is the most obnoxious person ever. As long as he/she can do their job, I'm good. Another point Margaret made was regarding free health care for illegal immigrants. I'm here legally on a visa. If I want to qualify for any governmental benefit I have to work my ass of for 5+ years and be fully self supporting during that period before I'm even considered for any benefit. I wanted to come here, so I'm responsible for my own financial security. And I'm okay with that! But the fact that some border jumper can get free health care while I get nothing if I get fired from my job and have to leave the country as well... That just makes my blood boil.
I don't think kamala would really do these things, but if she really do what she saying, the u.s will be destroyed, the stock market would basically cease to exist, and most grocery stores will go out of business. She is either a terrorist or an extreme liar
"Unfortunately since on average a dozen eggs now cost us $2.90 to obtain including all labor calculated, we're increasing the cost of eggs in store from $3 to $3.25" "You're not allowed to increase the price of eggs beyond $3" "Okay... we're no longer selling eggs at our store" "Wait you can't do that-"
You do realize that items like milk, eggs, and most other inexpensive grocery items are already sold at a net loss right? They are used as “loss leaders” to attract people to grocery stores where they will go primarily to purchase cheap goods such as eggs at a loss for the grocery store but then will make additional purchases that allow the store to make money.
Actually, given what we now know, it worked more like this. "So everyone wants eggs? if we use words like "supply chain", "bird flu" or "labor costs" we can increase the price of our eggs by 2x to 3x without any of those things actually being true " Basically, what you would call "greedflation"
As a man that really doesnt understand a lot of these big economic things, I REALLY appreciate the dumbing-down for me to understand whats going on with this sutff. Great video, and thanks for the time it took to make it.
I feel like they make these words so complicated so that the average viewer doesn’t understand and just says yes to it, thank you for making it easier to understand
Hello, as an economist, thank you for this video! You explained everything perfectly. More people need to see content like this. Subscribing immediately!
I love how this wasn't a bashing video pitting one candidate against another. It was simply talking policy, and possible roots and consequences of those policies. Thank you.
There is this guy at work who hates Trump and the other day I came in and asked him what he thought about Kamala's crazy economic plans. And even before asking what I was talking about he immediately said "they're better than Trump's!". This is what we're dealing with folks. I mean, I don't like Trump either but his economic plans are on par with a rational minded economist who values capitalism and individualism over State power and control or just plain bad ideas.
There are ignorant stubborn people that don't want to find out the truth, don't care or don't understand and refuse to do anything research. I have a family member like that. Hardcore lifelong Democrat no matter what and always. Can't even argue with them because it's pointless. "Trump is bad! He's a nazi! He's a fascist!" the only rhetoric they know and just assume that all rich people are bad.
Trump isnt any better. He is only looking out for his rich friends. Also every single business he has owned went through bankruptcy after he took ownership. He’ll just burn the hardworking americans into ash before he even trys to think about us.
She is young and doesn't understand how bad communism is. Chinese parents do an awful job teaching their children about the horrors of "Rich people should pay more!"
@@absolstoryoffiction6615 - No, that's not the reality. The reality is the top 5% of the income earners pay for about 40% of all the taxes, and the bottom 50% pay next to nothing.
You could also have talked about how much of her policies are inflationary. National debt is sky high, and adding more spending will only cause more inflation. That goes for Kamala or Trump.
@@annetteyoung5724oh, you mean the book that Trump has NEVER endorsed and has denied any involvement in 😂? Did you even watch this video? Are you even capable of stomaching idea that’s conflict with your own?
@@annetteyoung5724 How many times does Trump need to say he has nothing to do with Project 2025 for you to believe him? One of the top people behind Project 2025 has also come out to say Trump has nothing to do with it. Project 2025 has been in development long before Trump became the nominee in 2016. Agenda 47 is the Trump manifesto. It's concerning that you still believe in the Project 2025 conspiracy theory.
Her proposal on unrealized capital gains would destroy the retirement savings of the largest population in and entering their post working years. Essentially is a government program to redistribute wealth to the ruling class. With respect to her policy on immigrant healthcare, American citizens would be “denied” healthcare since they would lose access, a shortage of services. The healthcare system would be overrun and essentially destroyed.
Stop with the fear mongering and think a bit harder… only affects super wealthy, and these wealthy ppl won’t do no sell offs just because of cap gains tax… why? Cuz they’re still ahead. They just “gained”, remember? So don’t worry your retirement savings will be just fine.
Excellent presentation. I’m glad to watch a CPA’s explanations about these policies. This is the type of information a voter needs to make informed choices.
@thomasffrench3639 I don't think Trump will recreate the shit show of the last election since it will be his final term. If that's what your referring too.
" I'm an accoutant. I eat sleep and breath taxes and economics. I'm voting Trump. " The US wants less people like you. They want people who are in perpetual debt, that they can control. Buy now. You can have it all. Spend spend spend. We'll just take from the 'rich' to support you later.
@@thomasffrench3639 " @kylereeves9696 who cares about our constitution, am I right? It’s not like that is central to the country or anything. " Not sure where you are going with this. You might have just said "The moon, am I right?" Trump appointed constitutional judges to the Supreme Court. The dems think the Constitution is 'outdated'. Do a simple google search on "constitution is outdated". Just think abut "taxation without representation" ----> No one voted for Kamala. They skipped the Primary, and just made her the nominee. No one voted for her in 2020, and no one voted for her in 2024, yet she is the only option people have, who don't like Trump. Trump went through the primary process, even though he was 80%+ the favorite. The next best was 16% DeSantis. so....
*Unrealized gains do not exist.* That's the ultimate issue. They're called "unrealized" because it's just a number on paper. If I value your $20 trinket at $200, it's not worth $200, it's just assumed to be instantaneously worth $200. I didn't sell it and get $180, someone just said it is currently worth $180 more and I now owe real money on that fake number.
All true. But what about SBLOCs? Ultimately, no legislation will come out looking like this caricature. We barely have enough IRS agents to do their job now, so there is no reason to fear monger. There are however plenty of people who use their stocks to take out loans, which entails valuations. If you're using "unrealized gains" to take out a letter of credit, it is not communism to levy a tax here.
@@JorgeAlbertoJerez Unrealized gains are not used against loans, the total asset value is. Loans are also voluntary, rates are negotiated, the amount of the loan is not determined by outside uncontrolled forces, and loans are used to buy assets. Taxes are forced, the 25% rate is far more than any loan rate, you cannot control the gains like you can control how much you borrow, taxes are a money loss to you, not an asset trade for your potential benefit, etc.
@@JorgeAlbertoJerez using stocks to take out loans is exactly the same as mortgage, the bank is giving you a loan based on the current valuation of the property, and will take it in the event you can't pay it. Are you saying people should be paying a tax every time their house valuation increases?
No hate here. From one accountant to another. From the perspective of basic bookkeeping …her policies are simply unsustainable financially
Well it seems you are a book keeper and not an actual economist for a reason.
@@colpul2103, an accountant is not a ‘bookkeeper’. Huge difference. Are you an economist?
Accountants are tax experts.
@@toddhall7539 I think that’s just another bot.
@@toddhall7539. Lots of Chinese bots on here trying to get Kamala elected. Wonder why…
@@ITS-yk5kysadly I think that bot has a pulse lol
People will vote based on emotion and not policy. Just remember, elections have consequences.
And this is the most consequential election, ever.
Emotion shouldn't factor into it, but a realistic understanding of history should: Anti-intellectual populist demagogues like Trump who work to de-institutionalize the system often presage systemic collapse or at the very least disestablishment of norms and the rule of law. On the other hand, if you take a purely dispassionate and data-based view of anthropogenic climate change, a woman's right to choose, and are disgusted with religion more generally, voting against Trump should be easy with zero emotion and pure logic.
@@VesperAegis trump is an Anti-intellectual? How so?
@@VesperAegis You didn't factor in your obvious brainwashing.
@@VesperAegis I guess you don't realize the economic chaos and disaster that UNREALIZED capital gains taxes would cause. If that were implemented, you would have massive capital flight from the entire US. Within a year, you would have the collapse of the US economy. This would allow the mainland Chinese to buy out practically all private assets in the US. Anyone liking this policy of hers needs some economic education.Ask anyone familiar with accounting and finance.
It's very frustrating seeing people flock to these feel-good policies that will cause economic ruin.
100%!
Definitely don’t want to do that without being properly informed and this breakdown helps a lot. Shows why more informed folks just flat out openly call her communist.
It is frustrating that people support fascism because of "good economic policy". History is repeating itself.
Its how all propaganda and control of masses work, they appeal your emotional "feel good" side, (or the feel angry) to turn of your logical thinking. there are many psychological studies showing this effect working on both financial and like strategic discissions, Even in martial arts if u can get your opponent emotionally riled he is more likely to attack over-agressively and leave themselves exposed for a counter.
Stay cold headed people, take a couple deep breaths before reading the news and understand why and what the emotional "triggers" aimed to do.
a good way to start this is just analyzing headlines in news.
It's team sports for them and they're only interested in the sound-bytes they need to justify their support for the party of the oligarchs.
The only American who won't acknowledge this Administration's failed economic policies is Joe Biden. "Shrink-flation' is the least of our worries compared to rising rents and stagnant wages, but it is an undeniable indicator of how bad our inflation has gotten hopefully with trump it would be different. I have $100k that i like to invest in a non-retirement account, any advice on that?
I would avoid index funds, mutual funds, and specific stocks for the time being. Right now, the best option is a fixed income of five percent. Put money aside for the times when the market really starts to bounce back.
45% of Americans do not invest in the stock market because of lack of guidance. Every year you don't invest, you are falling behind. I’m hitting numbers in the stock market I used to dream of… Going from $50k to $600k in my portfolio is surreal all thanks to insights from my financial advisor.
True. I first came across investing in the market in 2019. Already stashed about $480k in savings then, and the free money from the Government was pouring in, increasing inflation rate. I just got an advisor and kept the money there, just because I didn't want to keep the value of the money depreciating in the bank. Tbh, it's the best investment decision I've made since then.
Hello, thanks for replying. I'm thinking of trying out an advisor, how can one reach a decent advisor like the one you use?
'Rebecca Nassar Dunne’ is the manager I use. Just research the name. You'd find necessary details to set up an appointment.
Funny how taxes only go one way. If I make money, they make money. If I lose money, they still make money.
Congrats on being worth more than 100 million
@@SigFigNewtonthe US income tax was originally designed for high income earners only. Give them an inch and they will take a mile. But orange man bad!
And they use your money, and money they print from nothing, to go after you if they want. Government works for us, not us for the government - why is this forgotten...
Its a legal bookmaking system
@@SigFigNewton You've obviously never owned or operated any business. Even small businesses pay a variety of taxes each year, even if they are losing money. You also have no clue what the proposed tax would do to the entire economy.
An open minded person can look at these policies and see they are terrible for our country. Thank you for doing this video. It's information people need.
@johnymossville
How? Who cares if warren buffet has to pay his what he owes in taxes? Oh no mister buffet has to sell a bunch of stock and break apart his monopoly making stocks drop in price. Oh no I'll actually be able to afford some of this we'll preforming stock for once in my life. This lady's doing the same thing as tim pool and regurgitating fox news talking points and then taking money from groups that benefit from her talking points. It's a sad joke this is independent news this is just a person pretending to be a person with an opinion when they are bought and paid for by Corporations the only ones who will be affected by unrealized capital gains tax
Bingo. Some people opened their minds so far that they closed back off. In this world, things are not what they seem.
We could literally elect possibly thee most unqualified person ever to run thee most powerful country on the planet. Terrifying.
She lies several times in this video, I don’t know if she knowingly did so, but still several of the lies seemed very targeted. For example, she said that Kamala has not spoken about how the tax plan will address unrealized losses and that is blatantly untrue, individuals would receive proportional loss carry backs for any unrealized losses.
@@VienerSchnitzel69and that’s supposed to make everybody feel better? What I’m hearing is the Federal printer working overtime 😂
The idea of providing free healthcare to illegal immigrants and not the legal immigrants who have obeyed the law, worked hard, and paid huge fees to be in the US is insanely offensive.
It's also insane financially, given all the debt we ALREADY have, and how unaffordable health care is for SO MANY American citizens and LEGAL immigrants.
seems like the problem here is that it is too hard to migrate to America legally? illegal immigrants still commit less crimes than legal americans across the board. i agree it conceptually feels weird to pay for someone who comes here illegally, but most illegal immigrants come to america to work hard and contribute to our economy. too often they are used as scapegoats when crimes are committed. america has bigger problems than this
@@rooftoparugula5679 nice try at a rage bait
@@gohjinkang135it’s facts though
@@rooftoparugula5679why should it be easy to become legal? The process is difficult because people have to run background checks or else we’d be welcoming criminals with open arms and a higher rate than some of them are already coming in. The US is already full of issues when it comes to debt as is. Are we going to all pay for their low income programs?
As a tax accountant, I’m relieved to see that my viewpoint about this nonsense is shared with yours. Mind blowing how this is spun as “opportunity economy”🤯
She will destroy America therefore all other countries have opportunities.
Where are you coming from by saying half the US hates Trump? Hopefully you’ve course corrected that by now.
Because taking stuff away from the rich gives stupid and unproductive people some pleasure that they can't get by getting rich themselves. They want everyone as miserable as they are.
Thank you, I’ve learned more in ten minutes than I’ve learned in 365 days of watching the news
And certainly far more than any interviews or debates with her will teach you. That said, she grew up in a middle class family in a small town...
@@fthooper14I agree with you, I even took notes 📝. I pray for our country to wake up.
Truly
You haven't been watching much then. She just said a bunch of talking points. She didn't use any special accounting knowledge. This is propaganda.
u went to community college huh u still believe in trickle down economics…she didn’t mention how kamala wants to give small business owners 50,000 dollar grants and only mentioned tax policy applicable to people making over 100 million. this girl has to be paid by Xi Jing Ping
I believe the retirement crisis will get even worse. Many struggle to save due to low wages, rising prices, and exorbitant rents. With homeownership becoming unattainable for middle-class Americans, they may not have a home to rely on for retirement either.
Consider buying stocks when the economy is not doing well, like during a recession. It could be a chance to buy them at a lower price and sell later when prices go up. Just keep in mind, this isn't financial advice, but sometimes it's better than keeping a lot of cash.
Accurate asset allocation is crucial. Some use hedging or defensive assets in their portfolio for market downturns. Seeking financial advice is vital. This approach has kept me financially secure for over five years, with a return on investment of nearly $1 million.
Mind if I ask you to recommend this particular coach you using their service?
‘Grace Adams Cook’ is the licensed advisor I use. Just research the name, you’d find necessary details to work with a correspondence to set up an appointment.
It's good you make your own research. and make sure whoever you work with is licensed n verifiable with a repute, this Grace looks the part but i'd do my due diligence. I set up a call, thanks.
She only barely nicked the surface of the problems with an unrealized capital gains tax.
1) It will require every American to submit their entire estate to be capital audited every year, to prove what your networth is, to assess your tax burden.
2) Inflation will drive every middle class American into this tax bracket over time, just like it did with income tax (which was supposed to be temporary and only for the "rich").
3) Yes, there will be a HUGE sell off of assets into the market to create liquidity to pay the tax bill, which will destroy the value of all asset classes, which will affect every single middle class American who owns any asset, which is most of the middle class (private holdings, 401Ks, IRAs, real estate, etc).
4) Where will the liquidity come from? If everyone is selling to pay Uncle Sam, who's going to have the money to be buying? After all, all the people with the money are getting shaken down. The only way this "could work" is if the Fed steps up with their printer and provides the liquidity, which means the government is going to end up owning all of the businesses and assets in America, as the Fed buys everything in order to cash people out for their tax bill.
5) This means that businesses will no longer be ran by the private sector, but by the government. The same people who are so out of control with their spending, and providing nothing in return, that they needed to resort to this sort of robbery. Do you think they will run these business any better than they do the country?
6) This ultimately results in no American owning anything, and we are all just working for the government.
7) Of course, when you own nothing, and can own nothing, there is no incentive to work or to innovate. So the government will then be forced to require people to work, and they will resort to heavy draconian methods to make that happen.
Welcome to the USSA.
Wow this means peopLe own nothing and be haPpy😂
@@Sataka23clips They definitely have a game plan for the former, I'm not sure how the latter works. Though my guess is they solve for that the same way every other despot gov has.
@@bujin5455 latter*
@@mrjkstark LOL, good catch. The hands sometimes type what they want!
Perfectly put 🙌🏽🙌🏽🙌🏽🙌🏽. The sad part is even with this knowledge people will still vote for her.
Call me a bit of a conspiracy theorist. But it feels more realistic for me to imagine these policies stem from some sinister motive rather than out of pure ignorance.
Probably true for some of Kamala’s Democratic advisors. I really get the sense that Kamala herself has no idea what she’s talking about when it comes to economic policy, hence why she tends to avoid discussing it at all costs
if the rumors of her come up are true yeah its ignorance on her end
Don't attribute to malice what could easily be attributed to stupidity
Yeah, could you imagine DOUBLING the Estate Tax Exemption AND the Gift Tax Exemption at the same time, while LOWERING the corporate flat tax rate from 35 to 21 percent? Imagine what a FAT handout that would be for the 1% and the ultra wealthy. This corporate tax rate reduction is estimated to cost $673 billion over 10 years
No, wait, that was Trump's 2017 tax bill that he signed into law.
This significantly reduced the yearly taxes his own businesses realize. A fat handout to himself too and his newly billionaire son-in-law Jared Kushner who got $2 Billion out of the blue from the Saudi Royals.
That's because they do. Kamala might not know just how bad these things are, but her handlers certainly do. Just like Biden's handlers at the World Economic Forum understood how bad they were.
Better stated than 95% of our media pundits! Great job, very factual and unbiased imo.
Kamala is so crazy the legacy media side step her so-called opportunity economy.
Thats why democrats hate asians. Cus we know facts and leftist deceptions
No, she's biased. It's okay if you like her perspective, but there's a lot of bias.
"Radical" is a biased judgment, not a fact. And she's misrepresenting the policies. She's labeled one as communist when it's not. She's given lots of talking points that are assumptions about the future without sufficient factual support.
Again, fine if you like her take. But it's not okay to believe she's being unbiased in her presentation
Also Harris didn't propose a price ceiling. She proposed a ban on price gouging. It's not the same thing.
@@reed6514 You're right, the video is cherry picking GOP framed talking points.
It's so good to see a young lady being so logical and rational
A rarity these days for young folks in general
Lauren Chen/Gina Bontempo/Michelle Malkin/Margaret Qu
its an asian thing
But she is not being rational. Communism is a stateless, classless, and moneyless system where the state owns the means of production. Her claim that Harris' tax policy is "communism" is irrational and somewhat ignorant.
@@GizmoMaltese Does not mean stateless. Classless yes. Karl Marx advocated where the state owned and controlled all property. Easy google.
unrealized gains will destroy investments, destroy retirement, destroy wealth generation, destroy property ownership, etc. and it will tank the market.
Yah vote Maga24 Please🎉
By design.
Retirement? People worth over 100 million. Did you miss the part where it affects almost nobody
These are people who don’t need to pay income taxes because they don’t need to work.
“Retirement”?
@@SigFigNewtonyou’re not a smart person and you cant plan beyond tomorrow
Thank you so much for this very succinct and sensible presentation regarding Kamala's financial policies and implications. Unfortunately no single mainstream journalism covers the issues as clearly as you did in this single video.
You're right in making this video. This isn't about left and right, this is about financial policies that flat out won't work
I'm glad you mentioned the historical signifigance of price controls. It is hard to look at what has happened in the past and believe that would go any better today. Good video! It wouldn't hurt if you left some of your text clips up a little longer.
I agree, and actually very let down that a lot of people have no idea. The first thing I did after hearing Kamala say that was google, "times the u.s. has tried price control/setting." I wish more Americans put effort into research. Also hurts competition/innovation
U insane
@@Illiyinmusic😂
People on the street being asked who they’re voting for & why are simply saying: Kamala-because “she’s a woman.. or..
she’s not Trump.”Or “the first female black” president would be nice.” People have ZERO CRITICAL THINKING SKILLS. They aren’t looking into ANYTHING. If they did they wouldn’t accept this installed candidate nor would they EVER ask for 4 more years of this misery. But no..ORANGE MAN BAD. So if it was ANYONE ELSE that was NOT ORANGE MAN.. this country might have a chance with that attitude but no we’re headed down a very dangerous path. The owned media has done a fantastic job of serving up a narrative on a platter & these sheeple are eating it up with blind adherence. Mind blowing & SCARY.
@@mangreeramnarine4183 You are insane. I am Vietnamese and my family suffered due to communist price controls. I pray that Jesus lifts the veil that is over your eyes, amen. You Westerners are so spoiled and clueless, that is what's actually insane. I'm a first-generation immigrant and I love this country more than you do, that doesn't even make any sense. If you love your country you'll be voting for Trump. Even if you don't, that's ok. We're winning the country back no matter how much blood sweat and tears it takes. This country is beautiful and we're not going to let the Marxists ruin it. My family ran away from Vietnam, but we're not running away this time. In God's mighty Name, amen.
@@mangreeramnarine4183 I am Vietnamese and I literally know first-hand what price control does to an economy. You are insane. I pray that the almighty God lifts the veil over your eyes. If you love your country you will not be supporting literal Marxists man.
9:28 Margaret: I also find it quite fascinating that Kamala herself states that she believes in equity over equality, where no matter what place you start from, you all end up in the same place. That's a really interesting statement to make because that is actually one of the principles of communism. Harris: Which is everyone should end up in the same place, so we all end up in the same place.
Kamala is currently worth $8M, which is $2M more than when she became Vice President. Unrealized gains, perhaps? She and her husband own a mansion in Brentwood, California, worth $5M. She still owns a 2-bedroom apartment she bought for $2M in DC when she was a senator. And, she still owns a $1M condo in San Francisco that she bought when she was Attorney General. Yeah, I'm ready for some of her equity to come my way.
She definitely needs to give us some of her money
Somehow every socialist leader who ever existed seems to end up with millions of dollars when their subjects... er, proletariat class is still struggling.
And, Don't forget that HoHarri$, in ITS present position will be $tealing 3 PENSIONS form WTP: DA of CA, US Senator, & VP; & this starts in Oct 2026And, HoHARRI$ Obviously Doesn't Mean WE; IT specifically means the 99% of WTP; & it looks like the ILLEGALS will be Living a much Better Life than US Citizens of AMERICA
You don’t understand communism
Someone should ask Kamala if she considers herself rich.
Glad you mentioned inflation hitting groceries. Prices at the grocery store are frequently pointed to as indicative of corporate greed, but when you look at the big grocers(kroger, albertsons, etc) while their revenues have increased a lot, their margins have basically remained the same because their COGS are rising commensurately.
Margret you’ve done a far better job than any mainstream media so called journalist in addressing her policies. Keep up the smart, diligent and good work!
This is one of the most biased videos ive ever watched
@@babypuppy9614 🤣
@babypuppy9614 Facts are tough, aren't they? Poor babypuppy!
You should get your I D 10 T Error fixed! 😱
@@babypuppy9614 for real, as young licensed professional, if I ever heard someone describe things in this manner of 'communist' and 'radical' while attempting to back it up using freshman macroecon theories. I would immediately presume they don't know much of what they are talking about.
It's fine to be passionate as she seems to be, but this is certainly not very professional in the very way she's using rhetoric.
I could point out several lies within this video that completely corrupt any semblance of a real argument this woman has against Kamala’s economic policies, but ya’ll just ignore it or make bullshit excuses.
The great paradox is that the people who need to hear this won't watch this. They don't bother listening to anything that contradicts their worldviews. It's a crazy way to go through life.
The great paradox is people watching this and somehow hearing an alternative reality about the government taking their money because they confuse this with a wealth tax. Never mind the fact that this would apply to like 10k people in the whole country.
@@tomdailey6915 Ah. A wild Kamalatard has appeared. So, you think that as long as it doesn't directly harm _you_ then it's ok to steal from someone else. Taxing unrealized gains is the stupidest policy ever put forward by anyone ever. Hands down. You don't see the problem with stifling investment, eh? Don't have a 401(k), do ya?
Send it to your family and friends!!
@@tomdailey6915 You didn't watch the video, did you?
Or in one ear out the other. Stock market crashing because of major sell offs by those people hurt basically everybody not "like 10k people in the country". Not rocket science haha
As someone from the middle, I search out videos like this because I am not a financial expert, and I don't trust the NEWS to give me good financial advice. Thanks for existing and giving your opinion and insight on this.
Love this❤
Well you probably should trust someone else because she's completely wrong.
Yea, don't listen to her. She honestly gets a lot of stuff wrong. It started off ok and just got worse
@@phatcatzz3670 yeah this is some kind of propaganda channel honestly
Well you should keep searching because she doesn’t know what she’s talking about
Excellent video. I’ve heard of her economy plans and sensed they are not right but you’ve categorized and analyzed them very well. Thank you great job!
I LOVE how you explain economics in simple terms!!! You are not partisan at all, you just explain and lay out how economic policies will affect our the US. Keep up the good work!!!
I would say calling Kamala’s policies communist is pretty partisan. Why do top macro economists agree with them? As someone who majored in econ in school, this accountant doesnt know anything
They just denied me and my son for state health insurance. I work a full time job and legally here since the 90’s, while my son is a U.S citizen. But they’re out here taking care of illegal immigrants.
I’m curious to ask, Did you do it on your own or did you have a health insurance agent help you?
There’s no ‘they’re’, the taxpayer is funding this through their elected representatives.
immigrants are getting free plane tickets as soon as they cross. They also get access to all medical facilities for free...
The goal is destroy individual wealth to usher in communism for total state control
Trump 2024
exactly, the titles of kamala's plans seem good, until you know what's inside
good to see you here.
It's like a box made of diamonds but when you open it, it immediately combusts.
That's communism to a T
Like Project 2025?
@@douglemay7989 shut up
Really great video! This just reassures me that we made the correct decision for who is president. It's quite unbelievable that somebody with such horrendous ideas for policies can suddenly become the frontrunner of one of the two biggest political parties in the USA. It has become a situation where anything that one party does must be opposed by the other, even if it comes at the cost of the country.
Trump just said no taxes on overtime. Bro thats a game changer
Should be no taxes on income tax why am I punished for making money
@raudelulloa2597 I feel the same. There was only a sales tax n then ww2 happened n they brought back income tax n it stayed that way. Now we are 34 trillion im debt so u know it's here to stay
@@raudelulloa2597 He has floated that idea too, I hope he tries!
man i hope this is true because i work 58 hours a week.
@@tommytran7775 You hope something Trump said is true. Keep hoping.
If you're telling the truth, you're always in the right. No matter what wrongs it brings, telling the truth is always right, we all applaud you for that. Keep it up!
"That's my homie, Mr. Right"
- Ryder
But she isn’t. I don’t agree with all of what Kamala is proposing but this girl is purposely mischaracterizing her proposal and fear-mongering.
You're a brilliant speaker. You took a topic that I have no interest in and way too much political heat to even feel comfortable diving into, and then you captured my full attention for a full 10 minutes, and I came out with a significantly better understanding of the issue and not politically triggered at all. Kudos to you, and thanks for taking the time to educate us! ❤
didn't provide data, lied about the 3rd policy, and misrepresented the 2nd policy it sucks that you believe this stuff without even bothering to factcheck.
Thank you for recommending Sarah Jennine Davis on one of your videos. I reached out to her and investing with her has been amazing.
Wow, congratulations on your impressive :nvestment success! Your discipline and focus on delayed gratification is truly inspiring. I'm curious, what are some of the key factors that you consider when making :nvestment decisions? Do you have any tips for those of us who are just starting to dip our toes into the world of :nvesting? Thanks for sharing your story!
Do you mind sharing info on the adviser who
assisted you? I'm 39 now and would love to
grow my portfolio and plan my retirement
@@FreyaFreya3 Sarah Jennine Davis is highly recommended
You most likely should get her basic info when you search her on your browser.
@@mayor-o1wHow do I access her ? I really need this
+156
Taxing you for money you don’t have but might have is a great scam. I wonder if this policy extends to lottery ticket holders too.
lol
SHHH…..
Tax form:
What was the total spent in lottery tickets: $3
What were the combined total jackpot sizes: $1.35 billion
What were your earning from the lottery winnings: $0
You owe $337 million in unrealized gains tax , or $56 each if everyone who played distributes the unrealized gains tax.
Exactly!
Unrealized asset gain is also borderline impossible to regulate if it does apply to stuff like the price of unsold commodities.
I also worked with her in law enforcement in the Bay Area about 20 years ago & found her to be insufferable!! Very condescending & unwilling to listen to other points of view. Thanks for explaining these economic policies! 🙏😊
can you imagine her with the nuclear codes???
Ditto with Trump having nuclear codes
@@aesekiTrump has already proven that he can be responsible with the codes. Kamala doesn't seem to be responsible with anything.
Lol, anybody can just make up stuff online and MAGA would believe it.
Why do i believe you.
Young lady, I *commend you* on making this video. Voting isn't a popularity contest, it's a resume to resume decision.
And US citizens have seen both candidates resumes in action
I would bet that she is still voting Kamala though, so really what is the point. I can go ahead and make the assumption now.. anyone who was already voting for Kamala is going to still vote for her. It doesn't matter what new information they acquire. To me that is the scariest part of this.
@@Magneticitist Trump being elected is the scariest thing
@@BigBoomsAreCool Yea I understand that is the democrat reasoning, but I don't understand how none of them can explain why. I know why you're voting Kamala.. it's because it's not Trump.. but why not Trump? I think both of them are stooges, I'm just curious why Trump being president (again) is so scary to you.
@@BigBoomsAreCoolscariest thing for the corrupt Establishment.
Only just now seeing this on 8 November, I had no idea about the unrealized capital gains tax. Thank goodness America made the choice it made 3 days ago. Kamala would have been even worse than Biden, it seems, as well as being accompanied by a huge outpouring of nauseating wokeness. Thank you too, excellent videos Margaret!
I’m 48, and I can’t tell you how refreshing it is to see someone your age understanding and explaining all this so well. Even if it’s your profession, to be willing to speak facts these days is truly a revolutionary act. I had an understanding of this before, but not well enough to explain it to anyone else effectively, so I appreciate your video bc it’ll help me do that in the future. I’m seeing a lot of ppl know “something” isn’t right about these policies, but don’t understand the implications. I just subscribed, so I’m looking forward to catching up on other videos too! Thank you!
@@liz9284 she’s wrong. Passing on wrong information. Enjoy her videos! Basically a tik tok brain creating TH-cam content passing herself off as a expert
@@alexh.4068 what's wrong that she said?
@@alexh.4068 Could you explain why you think she is wrong?
@@faitha6155He cannot. There is no denying the facts that such measures will lead to destroying the nation as a whole.
@@samuelcheung4799this video is just straight up fear mongering her points were dishonest and incomplete. For example Kamala’s 25% tax would include realized gains something she didn’t mention also she brought up failed communist states like Cuba and Venezuela as points for why setting price limits is bad. First of all she wants a ban on price gouging which isn’t the same as price limits. Also she failed to mention countries where it works accordingly like parts of Europe for example. She brought up those countries disingenuously to try and scare you without actually explaining why those countries failed(they failed because of us policies) among other things and the last point is bad because most illegal immigrants already pay taxes believe it or not. Also California already subsidizes half the red states in America so why do I care if my taxes help other people literally not die? Kinda heartless imo we can help multiple people
Great analysis for undecided voters. We need more of this, where data and analysis are used to show what little info on actual policy decisions would mean financially for the majority.
so whats your decision? Trump 2024 hopefully, but I have no hope for America! ❤️
But this data and analysis is one sided and is one possible scenario that would exist ONLY IF HARRIS MADE ALL DECISIONS REGARDING THE ECONOMY. There is a reason there are 3 branches of government, although the Trumpublicans continue to tests its existence. There is like a few of us here that recognize this as just comfort food for the Trump supporter. Jeez.
I bet you didn’t watch the one where she trashes Trump policies right?!
@@fabioliveir Please point me to that one because I did not see it in her library.
@@fabioliveir Okay, I watched the one Harris vs Trump's polices video. I guess this is what you were talking about? She didn't truly trash his but her conclusion was they both had a mixed bag. I still say that Harris is speculative while we can look at Trump's first 4 years and gauge how he will handle the economy. Even more so now since he claims it's a terrible one (here's a hint: It's not).
The problem isn’t that these policies aren’t well thought out, the problem is that these policies ARE well thought out.
It's not a glitch, it's a feature.
Indeed. The folks at the very top are PURE EVIL and understand PRECISELY what they are doing. TLDR; their plans do NOT include us.
It's also a feature that the people pushing it appear to be extremely stupid. Easier for people to accept a stupid person naively passing bad policies than to accept wealthy benefactors purposely destabilizing the economy in preparation for takeover.
exactly. they know what they're doing. "you will own nothing and be happy"
@@seaocean4868 I can't believe someone would abuse Rossman's quote like this.
This literally targets only people that make subscription models or own so much stock, they wouldn't even notice if they lost 40% of it.
100 million is a lot of money. This hurts absolutely nobody except the ultra rich.
This video made me subscribe :D you should start a series where you break down other politicians financial platforms.
100% agree. Thank you for voicing your opinion with data to back it up. More people need to hear this! 😊
What data? Ridiculous. She's plain wrong by the way.
@Gh0stGir1. try looking up the channel Gary’s economics.. guy is a self made millionaire trader and worked for one of the biggest banks in the world. Retired young. Guy knows his stuff and advocates for taxing the ultra wealthy in a similar way. Guy knows his stuff and is world class. Far more qualified than this accountant.
@@alexh.4068nina what? Price capping has failed twice and her first point is just plain dumb. Womp womp ignorant fool
@@alexh.4068 So someone using actually data and study to prove their point is wrong? My god, you must think so highly of yourself.
@@ayushbhatnagar. which she didn’t do. Amazing
Thanks for being brave enough to talk about this. As a fellow CPA, I’m extremely disappointed Trump had an imperfect debate this week. Now people are talking about distractions, rather than the real issues. I believe people just don’t have the education to understand what the implications are from Kamala’s policies, and therefore will vote for our own demise.
What implication? The imaginary selloff that wouldn’t happen and wouldn’t even harm the economy if it did?
A CPA yet still duped into believing that if people only get to gain 6% instead of 8%, they’d choose 0%?
What would actually happen is a minor portfolio rebalancing in which people worth over 100mil increase their ratio of bonds to stocks.
This reduces stock valuations (hmm looking slightly more tempting) and reduces bond yields (hmm looking slightly less tempting), and the great mass of wealth owned by people worth less than 100million counter shifts *their* portfolios to a *decreased* ratio of bonds to stocks.
Happy to educate you about markets any time you have Qs
@@SigFigNewtonbut wouldn't you see a mass exodus of capital? Then the business's would have less money for R&R thus hampering productivity?
As an accountant myself, I can say that everything you just said is 💯% correct!
The whole price controls thing is just not true. Kamala Harris is not proposing that!
Yeah except for the fact that unrealized gains taxes are not in addition to realized capital gains taxes, but instead a downpayment on future capital gains taxes, which is a huge crux of her argument, but go on.
@@Alexadria205what about unrealistic cgt and free medi care for all illegal immigrants that will cost tax payer a min range of $100-200 billion annually.
@@Alexadria205she literally did wtf. She said if interviews omg. Are you so stupid to think half the US hasn’t been paying attention.
Gtfo
@___dh__dh__ Her crazy proposed idea has not been put into a bill yet, so how could you even say that it wouldn't be "in addition to"? In order for you to even have an argument, you would need something to go on, and all we have now is what she said in her policy idea. It makes more sense to assume it is an additional tax rather than the opposite.
i really hope more people see this, liking and commenting to support!! thank you for helping us understand this thoroughly, i had no idea
I may not be among the ultra-rich, but taxing unrealized capital gains seems extremely unfair. My concern is that what starts with one group could eventually be applied to everyone, or at least has the potential to be.
Indeed. Now, they are saying they are targeting people worth over $100M. Wait until they lower that bar to $50M, $10M, $1M... This policy single-handedly will destroy the economy. Their plan is to enlarge the government, destroy the middle-class, and eventually make everyone dependent on the government which is the core concept communism and socialism. I get that some people do not like Trump's demeanor. What I don't get is someone who supports Kamala who doesn't even hide her intention to take away your financial freedom and eventually turn this country into communist country.
Exactly. They could really just stretch the definition of "ultra-rich" to include the middle-class.
th-cam.com/video/Gqlbn2nPO-A/w-d-xo.html doesn't this seem unfair as well?
She's really trying to dismantle the upper class!! This would be the beginning of the end of wealth!! And this plays right into her desire for everyone to be "at the same level". Just so stupid!!
Even just for that one group, it will effect everyone. It will have a cascading effect.
Also a Bay Area resident here. Thank you for speaking up on this! Glad your video is being seen by many
Oh wow! I had no idea. Thanks for breaking this down in simple terms. That’s actually insane 😟. Now we understand when we say knowledge is power, this information should be shared, it could help some people make more informed decisions
I might not be educated but I'm not stupid. I actually try and research what is being said. I wish more people would do the same. Your videos are really informative and easy to understand and I appreciate them.
Thank you for earnestly trying to help you fellow citizens understand policy, the Internet needs more people like you
I'm from the heart of Los Angeles, so I also know firsthand some of the craziness that results from ridiculous liberal policies. Good on you for making this video, because I know there are a ton of people in Cali who DO NOT agree with a lot of liberal policies, but are too afraid to say anything publicly because of the threat of cancel culture that is so prevalent among the crowds of the left. Much love for making this vid!
I moved away from Los Angeles because of such silliness please don’t bring it to the world.
@@jmanke6057
I left CA too, I couldn’t take the insanity! I also don’t understand all the rave and support for Kamala, given the examples of California. Too bad Trump is such an unlikeable person. It may cost him the election.
@@gregstewart7288 The issues that really worry’s me is the loss of free speech, and the weakening of our Republic’s constitution. I can’t think of a marxist system with as much hope as our Republic which it was beginning to have. Until recently we had moved away racism and the classes finally beginning to get opportunities. We need tolerance for every American and finally beginning to see all as the same as Americans to honor all. The democrats seem to be using separation and pitting hate against all we should have moved past that. Democrats now willing to do anything for the win, even at the loss of honor and hope. Wish everyone could have seen Trumps unification speech made you proud to be an American. Harris and Walz haven’t impressed me yet but they will do whatever it takes to win. Pray for our nation in that case. Hope we get an honest election who ever wins. If it’s 50/50 then state representatives pick if you go by rules. VP or president aren’t the ones to accept next time they will follow the rules without confusion. Wish I hadn’t felt I had to leave the Democratic Party now an independent. Harris has to prove she loves our system or it maybe a mistake voting for her. Thankfully the VP’s seemed presentable to the nation unlike the fiasco of a debate for the ones running for president they both should have done better. Sorry to write so much just trying to feel better about voting. Know way I need to lean.. Still hope they step up and be stronger.
And as long as they allow themselves to be intimidated into silence, things will only get worse. You don't stop evil by cowering and hoping it passes you by. If you want to stop evil, you have to stand up and actively stop it. Tells us a lot about the quality of character of Californians...
@@sststr I use to fight evil but now. I need to get my second wind. I know what you mean. I’m leaving it Lords hands. Hope we get more than we deserve hope love drives hate away. Dreams become available for many
Thank god someone who actually know what they are talking about.
A young woman living in the left coast who is Not mesmerized by the Joy and unburdened history rhetoric. Thank you for thinking and not feeling. You are renewing my hope in future of this country❤
It is women, especially young women, that will decide the fate of this country with the next election. Everyone else is on boar with Trump. Both married men and women are for Trump. Single men are for Trump.
That was also my thought. She grew up and lives in California Bay area but is not brainwashed by the Dems. There is still hope for Communist California.
She still voting Democrat though. She’s like the Asian Michelle Tandler.
Agree x100000
I will also add that “thinking IS feeling”. It’s just sad that many people cannot think, and their thinking/feelings are all very very very wrong.
That’s why Harris avoids talking about policies like a plague!
Too busy getting rappers to twerk and the idiots only see that
Kamala literally wants to give small businesses federal grants of 50,000 dollars but this Chinese foreign national won’t mention that…this girl is only mentioning the tax policy that applies to people making over 100 million bc she’s a communist
this girl has to be paid by Xi Jing Ping
u went to community college huh u still believe in trickle down economics…she didn’t mention how kamala wants to give small business owners 50,000 dollar grants and only mentioned tax policy applicable to people making over 100 million. this girl has to be paid by Xi Jing Ping
Ends justifies the means. Lying is a regular tactic to a communist warrior trying to confiscate wealth from racists.
You are doing what journalists used to do. Thank you.
Journalists used to tell us what is happening, now they spend more time telling us what is NOT happening and to not believe our own lies. That sounds incredibly distopian.
@@DioTheGreatOne i HAD been in the news business for 20 years. I have seen the bias first hand.
I love hearing the opinions of educated accountants and economists talk about a politician's financial plans. 9 times out of 10 the consensus seems to be "this is nonsense." Thank God for the sane voices amongst all the hyperbole and empty rhetoric of politics.
By the way, this video might need an update soon!
I appreciate how well spoken and unbiased this is! I also love that you cite certain sources and let us know where we can look for this info on our own accord, great vid!
Thank you for voicing your opinion. I applaud your bravery and I wish you kindness on here.
Such a fantastic 10 minute explanation to all us non-accountants. Very much appreciated.
@@Willis_S she’s wrong though.
@@PS-js9oh I can say the same about what she said in her video.. she’s literally making it up as she goes. Honestly go out there and educate yourself, on TH-cam if you must with real experts
An unrealized gains tax is a fatal economy ending policy. You can't redistribute wealth without destroying it. A hundred pieces of car is not a car. A wealth tax would force liquidation of wealth to pay the tax in a downward spiral until everyone was equally destitute.
My concern with the unrealized capital gains tax has been my suspicion that it will cause major, wealthy stock owners to sell off. That will have a huge effect on the stock market. That will have an effect on everyone's 401k. I don't think many middle-class Americans can afford that kind of thing.
Thats how you tank the economy😂
@@Sataka23clipsit would be more likely to help the economy
@@Sataka23clipspeople tend to either invest or spend. If there’s no longer a huge excess of capital sloshing around asset markets, it would probably mean more of that money actually being spent
I don’t foresee a *huge* selloff. For one thing a LOT of the money in the market is millionaires who are worth less than a hundred million. And secondly, it would still be worth it to invest.
“Oh no, my equities only went up 6% instead of 8% this year!”
Yeah ok, so you gonna choose to stop gaining?
Capital gains is how money flows up, and it’s money accumulating at the top that has *actually* been hurting our economy. Our system literally couldn’t exist long term *without* redistributing some of the constantly-flowing-up money back down to us.
Your dedication to clear rational thinking while living in the area where it goes to die, is genuinely impressive.
Yeah taking money tens of thousands of dollars to have bad opinions on the Internet is pretty rational.
@@aeseki
I'm talking about sticking to reason (in this case with regard to fiscal policy) while living in the Bay Area. What are you talking about?
@@jamesgordley5000I doubt that guy even watched the video or developed any of his opinions himself.
Please, don't feed the trolls.
Idk nothing about Kamala’s policies are communist.. that was totally out of pocket and very biased. Plenty of presidents before have done things in her policies
Six minutes and 30 seconds in, and you just answered the question for me on Trump‘s most recent rally in Michigan, where he answered Barbara, how he was going to bring the cost of groceries down by chiefly and firstly, reducing the cost of energy. I don’t understand a lot of economics at all, and I literally had no idea that grocery stores have to raise their prices in order to keep up with the higher cost of energy. I just subscribed because you made that link for me, and it’s average every day people using their smarts and or degrees to break down the world around them comparative to so many of my friends and acquaintances, who are graduating from university and literally have no critical thinking skills or logic to put towards who their voting for and why they are voting for those people. Thank you so much for this video!
We desperately need Trump back in office.
i wish it was a different republican
@@kb9940 Yeah, I miss the old Republican Party where all they cared about was helping billionaires and was not authoritarian Christian Nationalists.
did he provide any details on how is he planning to reduce cost of energy?
@@alexmikhylov They don't care about policy, all they care about is "owning the libs"
Bay Area accounting student here, finally someone said what I’ve been thinking! Well done
So refreshing to hear someone speaking from a common sense perspective without politicizing the facts. Thanks so much!
This would literally destroy 401k funds. Pretty much completely. It would utterly destroy all of our retirement funds.
I should pull it out before election results, I'll reinvest it if Trump wins
I am 25, I don't want it getting nuked before I hit 30
I’m pretty sure that is the intention. WEF wants us de dollarized and on their new global currency roll out where they can decide who can or can’t participate in the market. There are malicious actors at play in an attempt to subvert and topple and replace our economy.
So true, I'm nervous because I just started one...
No it wouldn't. But continue to fearmonger.
Holy shit someone is actually talking about POLICY?! This is absolutely what we need more of in this country. Breakdown of policies rather than obsession with emotional culture war bullshit. Well done 👏
I love your factual way of looking at things. I can tell that you are trying your best to see all perspectives. ❤
It’s definitely a hard pill to swallow for many taxpayers, especially when so many of us don’t have access to healthcare ourselves, yet we’re expected to foot the bill for healthcare for illegal immigrants.
Trump 2024
....You do realize that you're already footing the bill, right? Except that you're paying significantly more than necessary.
@@EitanTsur Yes, I’m fully aware that my tax dollars fund many things I strongly disagree with unfortunately.
It's not either-or, I suspect their policy also includes good healthcare access for you. Medicare-for-all and all that.
@@brycethomas8864 I don't vote for convicted sex offenders.
Taxes on unrealized capital gains will kill many businesses
Many are already going out of business now, imagine how worse it can get
@@LowkeyXxx These businesses that are starting out and growing fast that are maybe family owned, don’t just have millions sitting in the bank to pay for unrealized gains.
Options are to keep the company small or sell off part of the company. Hurts economic growth and is death of the American dream
So would mass deportation of both illegal and *legal* immigrants.
What I don't understand about this policy is the threshold - $100 million in wealth, but it's supposedly a "billionaire tax". I think both sides can agree that mega-corporations need to be limited in their power... but this isn't even targeting them.
@@1dingerr This wouldn’t limit the power of mega corporations. It would force mid sized businesses and family businesses to sell off part of their companies. Likely they would sell off to the black Rock’s of the world.
It makes zero sense regardless of your economic leanings
Bro. Finally no politics just straight numbers and facts
She failed to use the term communism correctly at 2:20 so yea I’d say that’s a political failure and lack of facts
Come on. There's politics here. She's framing it from her belief system and making a lot of assumptions. Plus calling this communism is ridiculous. Communism is a classless society & painting this as a communist policy is a misrepresentation thst makes it sound scarier than it is, to people who have believed the propaganda about communism.
If you think there is no politics in this video you deserve to be manipulated
Yeeeees OMG I wish the debate was like thissss. I wish all politics was like this, just pure science and logic omg.
@@mina_rous so the part where she didn’t even understand what communism was is… facts?
I hope this was a collegiate assignment submission. You did a really good job explaining basic economics. I won’t say anything about the election but dang…thank you! You made hours of research into a 10 minute video.
My husband explained this to me but I tried not to listen because honestly I don't wanna stress over politics. But since you're on my recommendation for how many days now, I think I needed to watch this and I did. U explained it simply and straightforward so that I can understand it.
So, vote trump
Listen to your husband.
You don’t wanna “stress over politics”?? You do realize that this will affect everyone? This isn’t something you can ignore because you think it’s “too hard”
there's stuff you need pay attention to even if its "uncomfortable"
This is the time you should now sit down with him and actually talk politics. Whether you’re just listening or also adding to it… talk to him. Talk with him.
I am Independent and undecided. But after watching this video, my scales have tipped over.
Good to know you've made a decision. But I honestly don't understand why people are still undecided at this point. Yeah I get that people are put off by Trump's personality or don't like his mannerisms. But what I don't get is how they could entertain the thought that Harris is a reasonable option. This is about survival. Harris is offering us a concrete life vest with matching boots.
Get it your roof top and yell out the Truth.
@@OOICU812 They just tried to shoot Trump again!!
@@OOICU812 Exactly!
I don't care if the president is the most obnoxious person ever. As long as he/she can do their job, I'm good.
Another point Margaret made was regarding free health care for illegal immigrants. I'm here legally on a visa. If I want to qualify for any governmental benefit I have to work my ass of for 5+ years and be fully self supporting during that period before I'm even considered for any benefit. I wanted to come here, so I'm responsible for my own financial security. And I'm okay with that! But the fact that some border jumper can get free health care while I get nothing if I get fired from my job and have to leave the country as well... That just makes my blood boil.
I don't think kamala would really do these things, but if she really do what she saying, the u.s will be destroyed, the stock market would basically cease to exist, and most grocery stores will go out of business. She is either a terrorist or an extreme liar
"Unfortunately since on average a dozen eggs now cost us $2.90 to obtain including all labor calculated, we're increasing the cost of eggs in store from $3 to $3.25"
"You're not allowed to increase the price of eggs beyond $3"
"Okay... we're no longer selling eggs at our store"
"Wait you can't do that-"
You do realize that items like milk, eggs, and most other inexpensive grocery items are already sold at a net loss right? They are used as “loss leaders” to attract people to grocery stores where they will go primarily to purchase cheap goods such as eggs at a loss for the grocery store but then will make additional purchases that allow the store to make money.
@@VienerSchnitzel69 I didn't know that but my point is still made
@@VienerSchnitzel69that’s not true.
@@VienerSchnitzel69 You do realize that only makes his point *stronger,* right?
Actually, given what we now know, it worked more like this. "So everyone wants eggs? if we use words like "supply chain", "bird flu" or "labor costs" we can increase the price of our eggs by 2x to 3x without any of those things actually being true " Basically, what you would call "greedflation"
I wish I could like this video 100,000,000,000 times. Coz you are so right and so many people don't know these details!
I'm so glad people like you exist. Thank you. You give me hope.
but gurIs love Kamala n hated Trump tho
As a man that really doesnt understand a lot of these big economic things, I REALLY appreciate the dumbing-down for me to understand whats going on with this sutff.
Great video, and thanks for the time it took to make it.
I'm so glad to see there is no hate in your comments section. Thank you for sharing your expertise!
I feel like they make these words so complicated so that the average viewer doesn’t understand and just says yes to it, thank you for making it easier to understand
You had me at, "Minimum 25% Tax on Unrealized Capital Gains." Well done. 🙂
This gives me hope! Thank you for educating The People. Thomas Sowell would be proud.
I'm 67 years old, fairly well educated, and I learned some things today. Thanks Margaret...you're articulate and well informed. Liked and subscribed.
Hello, as an economist, thank you for this video! You explained everything perfectly. More people need to see content like this. Subscribing immediately!
I love how this wasn't a bashing video pitting one candidate against another. It was simply talking policy, and possible roots and consequences of those policies. Thank you.
There is this guy at work who hates Trump and the other day I came in and asked him what he thought about Kamala's crazy economic plans. And even before asking what I was talking about he immediately said "they're better than Trump's!". This is what we're dealing with folks. I mean, I don't like Trump either but his economic plans are on par with a rational minded economist who values capitalism and individualism over State power and control or just plain bad ideas.
There are ignorant stubborn people that don't want to find out the truth, don't care or don't understand and refuse to do anything research. I have a family member like that. Hardcore lifelong Democrat no matter what and always. Can't even argue with them because it's pointless. "Trump is bad! He's a nazi! He's a fascist!" the only rhetoric they know and just assume that all rich people are bad.
@@thunkjunk exactly. This girl is so wrong, detrimental to voters
Trump isnt any better. He is only looking out for his rich friends. Also every single business he has owned went through bankruptcy after he took ownership. He’ll just burn the hardworking americans into ash before he even trys to think about us.
Trump raised your taxes, smart one
@@thunkjunk but Trump will also reshape the government to be shaped like a dictatorship.
This video is excellent and everyone should watch this before voting.
Boost the algorithm!
Margaret, I just came across your channel. Your analysis is excellent and well researched. Nicely done. You have a new subscriber. :)
Some of her policies are "a LITTLE BIT insane?"
You are really being kind!
She is young and doesn't understand how bad communism is. Chinese parents do an awful job teaching their children about the horrors of "Rich people should pay more!"
@@mrniusi11
Reality is... Money changes hand. If the rich pays more? Well... Everyone else pays for the rich.
@@absolstoryoffiction6615 - No, that's not the reality. The reality is the top 5% of the income earners pay for about 40% of all the taxes, and the bottom 50% pay next to nothing.
@@TodaysDante I mean Project 2025 is more insane than any Harris policy.
You could also have talked about how much of her policies are inflationary. National debt is sky high, and adding more spending will only cause more inflation. That goes for Kamala or Trump.
At last, someone who knows what they are talking about.
Yeah im voting for Trump this year. Thats kinda wild. I do like trump's idea of no tax on OT
There gonna have no tax on overtime because there WILL BE NO OVERTIME. Read project 2025 on page 592 just at least check it it out.
@@annetteyoung5724oh, you mean the book that Trump has NEVER endorsed and has denied any involvement in 😂? Did you even watch this video? Are you even capable of stomaching idea that’s conflict with your own?
@@blitz091 did you read it?..
@@annetteyoung5724 How many times does Trump need to say he has nothing to do with Project 2025 for you to believe him? One of the top people behind Project 2025 has also come out to say Trump has nothing to do with it. Project 2025 has been in development long before Trump became the nominee in 2016.
Agenda 47 is the Trump manifesto.
It's concerning that you still believe in the Project 2025 conspiracy theory.
@@annetteyoung5724 Trump has nothing to do with project 2025, stop letting yourself be brainwashed by the establishment.
This needs more views. Sad that we can't rely on MSM journalists to point these facts out.
We can instead rely on them to cheer these foolish policies and to say nothing about their ramifications.
No need for the MSM to report this because the economy is doing perfectly fine with 0 inflation *wink wink*
Her proposal on unrealized capital gains would destroy the retirement savings of the largest population in and entering their post working years. Essentially is a government program to redistribute wealth to the ruling class. With respect to her policy on immigrant healthcare, American citizens would be “denied” healthcare since they would lose access, a shortage of services. The healthcare system would be overrun and essentially destroyed.
It will sting everyone with gains over $100 million.
@@humanresources3545wow you guys are really something nothing you said had any facts to back it up it’s just fear mongering
Stop with the fear mongering and think a bit harder… only affects super wealthy, and these wealthy ppl won’t do no sell offs just because of cap gains tax… why? Cuz they’re still ahead. They just “gained”, remember? So don’t worry your retirement savings will be just fine.
You have a demeanor that would be great for poker and debates! You seem to be unfazed by stressful situations! Great vids!!
Excellent presentation. I’m glad to watch a CPA’s explanations about these policies. This is the type of information a voter needs to make informed choices.
This woman is refreshing and articulate. I hope her channel blows up.
I'm an accountant. I eat sleep and breath taxes and economics. I'm voting Trump.
@@kylereeves9696 who cares about our constitution, am I right? It’s not like that is central to the country or anything.
@thomasffrench3639 I don't think Trump will recreate the shit show of the last election since it will be his final term. If that's what your referring too.
@@TH-camTH-camhgtyujn the problem is that the GOP is really playing into his authoritarian impulses.
" I'm an accoutant. I eat sleep and breath taxes and economics. I'm voting Trump. "
The US wants less people like you.
They want people who are in perpetual debt, that they can control.
Buy now. You can have it all. Spend spend spend. We'll just take from the 'rich' to support you later.
@@thomasffrench3639 " @kylereeves9696 who cares about our constitution, am I right? It’s not like that is central to the country or anything. "
Not sure where you are going with this. You might have just said "The moon, am I right?"
Trump appointed constitutional judges to the Supreme Court.
The dems think the Constitution is 'outdated'. Do a simple google search on "constitution is outdated".
Just think abut "taxation without representation" ----> No one voted for Kamala. They skipped the Primary, and just made her the nominee. No one voted for her in 2020, and no one voted for her in 2024, yet she is the only option people have, who don't like Trump.
Trump went through the primary process, even though he was 80%+ the favorite.
The next best was 16% DeSantis.
so....
*Unrealized gains do not exist.* That's the ultimate issue. They're called "unrealized" because it's just a number on paper. If I value your $20 trinket at $200, it's not worth $200, it's just assumed to be instantaneously worth $200. I didn't sell it and get $180, someone just said it is currently worth $180 more and I now owe real money on that fake number.
All true. But what about SBLOCs? Ultimately, no legislation will come out looking like this caricature. We barely have enough IRS agents to do their job now, so there is no reason to fear monger. There are however plenty of people who use their stocks to take out loans, which entails valuations. If you're using "unrealized gains" to take out a letter of credit, it is not communism to levy a tax here.
@@JorgeAlbertoJerez Unrealized gains are not used against loans, the total asset value is. Loans are also voluntary, rates are negotiated, the amount of the loan is not determined by outside uncontrolled forces, and loans are used to buy assets. Taxes are forced, the 25% rate is far more than any loan rate, you cannot control the gains like you can control how much you borrow, taxes are a money loss to you, not an asset trade for your potential benefit, etc.
@@JorgeAlbertoJerez Levying a tax specifically to punish people for having more wealth is indeed communism.
@@JorgeAlbertoJerez using stocks to take out loans is exactly the same as mortgage, the bank is giving you a loan based on the current valuation of the property, and will take it in the event you can't pay it.
Are you saying people should be paying a tax every time their house valuation increases?
A loan is eventually paid back, it isn't income. A loan is not income, so not really relevant here.
It’s crazy that you have to state listen to the entire video before a certain population would come after you… great vid ◡̈
This is a great video that explains these misguided policies very well as well as their real life negative outcomes.