Biden targets unrealized capital gains tax to fund spending plan, but does it violate 16th amendment?
Oct 25, 2021 ·
35m 41s
When is a wealth tax not a 'wealth tax'? Apparently, when secretary of the treasury Janet Yellen blurs the margins by calling it an 'unrealized capital gains tax' only for...
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When is a wealth tax not a 'wealth tax'? Apparently, when secretary of the treasury Janet Yellen blurs the margins by calling it an 'unrealized capital gains tax' only for the super wealthy. Leland explores the economic space with applicable metaphors and asks whether such a tax on speculative wealth violates the original intent of the 16th amendment in the U.S. Constitution. Will the Supreme Court have the ultimate say on the matter?
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