Taxation and Its Unintended Consequences

This chapter combines humor with serious analysis on the Biden administration's proposed tax policies, particularly focusing on capital gains taxes and their implications for the middle class. It warns of potential financial burdens for everyday Americans while illustrating how high-net-worth individuals might cope with these changes. The discussion also explores the unrealized gains tax, its impact on property ownership, and predicts a future with diminished wealth due to rising property values and taxation.