
Joe Biden's Taxing Plans for Unrealized Capital Gains
Cato Podcast
00:00
Taxes on Unrealized Gains
An academic study on this by an economist, nordhoss who found that overtime entripeners themselves, inventors, only capture about two % of the value of innovations to the economy. This is important because it means that if tax policy discentivizes a innovation at the margin here, it's going to cause a biga loss to investors and ontre peners. It'll cause a much bigger loss to society in general if innovation slows down. The income tax as we a think of it, originally only affected some of the highest earning americans. Andso to me, this it looks like, well, once we get it sorted out with these folks, we're
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