Sen. Kennedy on Taxing Unrealized Inheritance: This Is Only Pleasing to ‘Pink-Haired Wokers Who Carry Ziploc Bags of Kale’
EXCERPT:
KENNEDY: “But under the Biden/Yellen rule, those kids would automatically be taxed on the full value of the home whether they sold it or not. Now, it’s a little bit more complex than that, but the point is, those kids are not going to have the money to pay the taxes. So they’re going to be forced to do a fire sale on the home that their mom worked for just to pay the taxes. And this — this — the United States has never done this, never. This is going to affect millions and millions of middle class Americans. It’s going to maul the real estate market and the market for other long-term assets. And I guess the moral of the story is, this is what happens — this is what happens when you have a president and a treasury secretary who are on a mission from God to please pink-haired wokers who carry around ziploc bags of kale. This is what happens when you have a president and a secretary who want to tax, spend, and regulate America into neosocialism."