Approximately 60% of Americans have a 401K retirement account and many own IRAs, mutual funds, stocks, bonds, real estate, etc. Not all these individuals earn > $400k per year, so when Kamala crazily starts taxing unrealized gains, it will impact/hurt more than just the “wealthiest” Americans. Also, the stock market will be adversely impacted by such a crazy tax structure.Part of Kennedy's calculation to exit the race and look for a position with a Trump regime is his $$$ might be drying up.
Just read that Tim Mellon, the billionaire that gave $15M to Kennedy's campaign startup, has now shifted his donations wholeheartedly to Trump SuperPacs. As of today, following a recent $50M given to Trump, Mellon has donated >$75M in total for DJT.
I guess those promised tax cuts to the wealthiest Mericans really do have an effect.
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