August 30, 2024
A novel proposal to tax the unrealised gains of wealthy Americans has incited fury from Silicon Valley’s richest investors.
US vice-president Kamala Harris, the Democratic nominee for the 2024 presidential election, rolled out a tax plan last week aimed at raising nearly $5tn over a decade. It included support for the controversial tax proposal, which was also part of President Joe Biden’s federal budget plan for 2025.
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