I’m upset 😭. There is an attack on the supper rich and how much their.net worth went up during the pandemic and by golly they didn’t pay taxes on their net worth going up. Of cause the report didn’t say oh crap in the beginning of the the pandemic their wealth went down. The reason I’m saying this that their wealth went down is the point that wealth based on asset is subjective to the whims of others. This now brings me to why the lower middle income ( middle class) retires are the ones who will get hurt the most if there is a tax on the increased value of assets known as stocks. Now I’m going to write ✍️ something that most people will have a hard time understanding. Stocks are a Pyramid, those at the top 🔝 will have to sell a portion of their stocks in the company which we lower middle income retires count on to be funding our pensions, our 401 k, our IRA. Ya 🤔think. Now the Bezos, the Musks, Gates, Zuckerbergs, and Buffets can afford to lose a good portion of their net worth from their stock ownership of their companies but the pensions (even though those pensions that our worth much more then those billionaires net worth) because they have to pay 💰 cash money. Those of us who have IRA’s in the stock market or 401ks our value in stocks 💰will lessen. So in conclusion the people who will really be 😞 our the lower middle class retirees.
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