And let me be clear why these taxes are confiscatory. She wants to dramatically increase not just corporate income taxes, but as was mentioned, dramatic increases on even unrealized capital gains. This is a wealth tax, folks, and it's the kind of thing that you see in socialist governments and communist governments. It belies a complete lack of understanding of basic economics and capitalism. And it's an actual threat not just to this industry, but to the investment climate in our country generally. (33:54–34:02)
CLAIM
Asserts that the proposed tax policy is akin to wealth taxes seen in socialist and communist governments.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
