Harris Campaign Surrogate Rep. Ro Khanna: ‘I Don’t Think a Blanket Tax on Unrealized Gains Is a Good Thing’

EXCERPT:

KHANNA: “Let me tell you why I don't think a blanket tax on unrealized gain is a good thing. I mean, let's say you're an entrepreneur, you create a company, and it gets to $100 million or $200 million on paper. Now if you're taxing that, you're probably going to force that person to sell it. They're probably going to sell it to private equity. Do you really want the entrepreneurs to be forced to sell their companies to larger institutions and to decline in value? I just -- I don't think that that's what you want for a startup ecosystem.”