Gov. DeSantis: Harris’s Capital-Gains Tax Will Tank the Economy, You Will Have Capital Flee from This Country

RUSH TRANSCRIPT Know it ░░░░░░░░ gonna happen with with ░░░░░░░░ economy going forward I ░░░░░░░░ tell you if you ░░░░░░░░ somebody like Harris actually ░░░░░░░░ to do something like ░░░░░░░░ unrealized gains that will ░░░░░░░░ this economy We will ░░░░░░░░ that in Florida big ░░░░░░░░ you will have capital ░░░░░░░░ from this country and ░░░░░░░░ s the thing an ░░░░░░░░ an unreal Until you ░░░░░░░░ it I mean the ░░░░░░░░ fluctuate and so you ░░░░░░░░ maybe a buy a ░░░░░░░░ in it in two ░░░░░░░░ It goes up by ░░░░░░░░ percent but two weeks ░░░░░░░░ it could be down ░░░░░░░░ percent from that high ░░░░░░░░ s just This is ░░░░░░░░ something until you sell ░░░░░░░░ yo You don t ░░░░░░░░ Thing is ridiculous but ░░░░░░░░ just think about you ░░░░░░░░ something you have a ░░░░░░░░ and there s people ░░░░░░░░ Florida that had real ░░░░░░░░ homes middle class homes ░░░░░░░░ maybe five years ago ░░░░░░░░ worth four hundred thousand ░░░░░░░░ forfeited Now some of ░░░░░░░░ are worth seven hundred ░░░░░░░░ hundred to have been ░░░░░░░░ Some of them have ░░░░░░░░ Okay that s a ░░░░░░░░ but just staying in ░░░░░░░░ home what taxing unrealized ░░░░░░░░ would be a be ░░░░░░░░ Okay your neighbor s ░░░░░░░░ just sold for 20 ░░░░░░░░ percent more than what ░░░░░░░░ was valued at last ░░░░░░░░ Therefore your house is ░░░░░░░░ that much more so ░░░░░░░░ have to cut a ░░░░░░░░ to the government him ░░░░░░░░ the amount of the ░░░░░░░░ 20 five percent of ░░░░░░░░ game It is absolutely ░░░░░░░░ that that that would ░░░░░░░░ now what what like ░░░░░░░░ music Oh she only ░░░░░░░░ to do this for ░░░░░░░░ that are making a ░░░░░░░░ that worth one hundred ░░░░░░░░ or something it s ░░░░░░░░ for nor people Well ░░░░░░░░ of all what I ░░░░░░░░ say they said the ░░░░░░░░ thing when they introduced ░░░░░░░░ income tax a hundred ░░░░░░░░ ago They said it ░░░░░░░░ just for Rockefeller and ░░░░░░░░ and all these people ░░░░░░░░ now how many people ░░░░░░░░ are middle class pay ░░░░░░░░ tax They pay income ░░░░░░░░ it hit you So ░░░░░░░░ don t think that ░░░░░░░░ s necessarily comfort I ░░░░░░░░ once you try to ░░░░░░░░ a concept like taxing ░░░░░░░░ gains you re really ░░░░░░░░ pandora s box It ░░░░░░░░ a massive increase in ░░░░░░░░ power to be able ░░░░░░░░ basically demand tribute just ░░░░░░░░ you doing nothing just ░░░░░░░░ holding an asset If ░░░░░░░░ fluctuates up you have ░░░░░░░░ pay If it fluctuates ░░░░░░░░ Government gonna pay you ░░░░░░░░ check right So it ░░░░░░░░ heads they win tails ░░░░░░░░ lose lose so the ░░░░░░░░ thing s predict but ░░░░░░░░ s just entertain that ░░░░░░░░ would only be confined ░░░░░░░░ you know people that ░░░░░░░░ worth a really lot ░░░░░░░░ money If you have ░░░░░░░░ that s like a ░░░░░░░░ billionaire and they own ░░░░░░░░ of dollars say worth ░░░░░░░░ stock for a company ░░░░░░░░ if the stock goes ░░░░░░░░ then they re going ░░░░░░░░ get hit for 20 ░░░░░░░░ gonna have to do ░░░░░░░░ re gonna have to ░░░░░░░░ the stock in order ░░░░░░░░ pay the tax or ░░░░░░░░ of the stock What ░░░░░░░░ that going to do ░░░░░░░░ the market that will ░░░░░░░░ destabilize the market so ░░░░░░░░ could be a retired ░░░░░░░░ A retired teacher has ░░░░░░░░ four o one k ░░░░░░░░ you have that stock ░░░░░░░░ is going to affect ░░░░░░░░ because the value we ░░░░░░░░ ll go down it ░░░░░░░░ going to create huge ░░░░░░░░ in the market place ░░░░░░░░ be able to do ░░░░░░░░ So it s a ░░░░░░░░ the and oh by ░░░░░░░░ way It is also ░░░░░░░░ the Founders When they ░░░░░░░░ the Constitution you could ░░░░░░░░ do indirect taxes so ░░░░░░░░ like like tariffs and ░░░░░░░░ and impose on duties ░░░░░░░░ like that since the ░░░░░░░░ amendment created income tax ░░░░░░░░ that is only for ░░░░░░░░ That s actually derived ░░░░░░░░ it s not for ░░░░░░░░ gains so there is ░░░░░░░░ source of constitutional authority ░░░░░░░░ Harris to try to ░░░░░░░░ unrealized gains and so ░░░░░░░░ look I d hoped ░░░░░░░░ say that the Supreme ░░░░░░░░ would nyx it But ░░░░░░░░ know these judges you ░░░░░░░░ don t know I ░░░░░░░░ sometimes they re good ░░░░░░░░ then sometimes they don ░░░░░░░░ do What what s ░░░░░░░░ So the whole thing ░░░░░░░░ think as a huge ░░░░░░░░ but that s just ░░░░░░░░ piece they also want ░░░░░░░░ do to capital gains ░░░░░░░░ At forty four point ░░░░░░░░ percent which again this ░░░░░░░░ people selling homes I ░░░░░░░░ yeah Years and you ░░░░░░░░ it The gain is ░░░░░░░░ capital gain so why ░░░░░░░░ you have to pay ░░░░░░░░ of that that to ░░░░░░░░ federal government it makes ░░░░░░░░ sense in that it ░░░░░░░░ this Have you been ░░░░░░░░ property taxes on that ░░░░░░░░ whole time anyways so ░░░░░░░░ that have already been ░░░░░░░░ then go and do ░░░░░░░░ huge capital gain tax ░░░░░░░░ s even higher Say ░░░░░░░░ it s only be ░░░░░░░░ the wealthy But again ░░░░░░░░ don t think that ░░░░░░░░ s true because I ░░░░░░░░ once government gets it ░░░░░░░░ hooks in things you ░░░░░░░░ the reality is there ░░░░░░░░ people are very very ░░░░░░░░ but if you look ░░░░░░░░ where the real money ░░░░░░░░ I give you tax ░░░░░░░░ hundred percent every billionaire ░░░░░░░░ wouldn t even come ░░░░░░░░ to making a dent ░░░░░░░░ the federal budget I ░░░░░░░░ like you know you ░░░░░░░░ talking about you be ░░░░░░░░ to get a couple ░░░░░░░░ billion worth trillions 30 ░░░░░░░░ trillion in debt The ░░░░░░░░ money for these guys ░░░░░░░░ want is to just ░░░░░░░░ take some out of ░░░░░░░░ whole broad middle section ░░░░░░░░ the country middle class ░░░░░░░░ s what they would ░░░░░░░░ to do so so ░░░░░░░░ do think it would ░░░░░░░░ up hitting middle class ░░░░░░░░ but still it just ░░░░░░░░ really bad and then ░░░░░░░░ much money are they ░░░░░░░░ to spend going forward ░░░░░░░░ of the matter is ░░░░░░░░ inflation was accelerated by ░░░░░░░░ stimulus what Harris voted ░░░░░░░░ the tie breaking vote ░░░░░░░░ 20 20 one and ░░░░░░░░ the so called Inflation ░░░░░░░░ Act which was not ░░░░░░░░ reducing inflation was about ░░░░░░░░