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Taxes are a part of life.
We all work and ultimately, we all have to pay taxes.
As reported byCNBC, Harris is promoting a tax on unrealized capital gains tax.
The idea behind this policy is to increase projected tax revenue by $503 billion over 10 years.
Additionally, it is to further ensure that the wealthiest people pay their fair share in taxes.
However, an unrealized capital gains tax would decrease the incentive to invest your money in the first place.
Kamel pointed out that centi-millionaires may have to sell off stocks to pay unrealized capital gains taxes.
If investors are taxed on their unrealized capital gains, they may have less incentive to invest at all.
Kamel said this could lead tofewer new businesses, less innovation and fewer new jobs.
In turn, Kamel said, lower demand could lead to less new construction, as well.
Its also possible thatreal estate investorscould pass on the cost of unrealized gains by raising rents on their tenants.
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