Kamala's tax nightmare would destroy economy and push US into socialism | Eastern NC Now

Kamala Harris has already embraced one of the hallmarks of totalitarian socialism, food price controls, something that every time it has been tried has led to rationing and bread lines.   She is attacking the grocery industry, which has an average profit margin of under 2% as being the culprit in food price increases, when she really ought to be looking in a mirror for the real cause - Bidenomics.

What has had less exposure is her extreme position on tax increases, which includes taxing "unrealized capital gains" which means if your house goes up in value by $5,000 in a year, you have to pay income tax on that even though you are still living in your house and have not sold it.  No other country in the world uses that type of economic insanity.

Breitbart has a good article on what the Kamala Harris taxes would do to the American economy:

https://www.breitbart.com/politics/2024/08/29/alfredo-ortiz-kamala-harriss-tax-armageddon-is-a-giant-leap-toward-socialism/

https://www.breitbart.com/clips/2024/08/29/shark-tanks-oleary-harris-walz-capital-gains-tax-plan-is-un-american/

The Daily Telegraph of London has indicated that the rise in the price of gold, which has recently hit an all-time high, is driven at least in part by fear of what Kamala Harris would do to the US economy if she were elected.

https://www.telegraph.co.uk/business/2024/08/28/gold-soaring-on-fears-economic-catastrophe-kamala-harris/