The tax applies only to individuals with at least $100 million in wealth and mostly affects hedge fund managers.
t_d thread: https://archive.is/5pFXr
here’s fox news trying to convince people that the tax will mean that if your home goes up in value, the government will take your house: https://archive.is/Ay89M
“This would be the most crazy tax structure we have ever seen. It makes Venezuela look normal. It makes Russia look normal,” Gingrich stressed. “That speech last week in Raleigh, where [Harris] outlined her economic plan, that was crazy. That was so far to the left of Bernie Sanders that Gorbachev in Russia would have thought it was a radical speech.”
Anyone with $100 million is going to be able to evade the taxes anyway.
There’s a hostage approach to how bourgeoisie and bootlickers alike talk about that: “don’t try to tax milord, or milord will evade more taxes and you’ll be sorry!”