Subject: Re: Jain sale for those who don't have Barrons
“the middle class doesn’t have to worry about Kamala Harris’ tax plan. She proposes taxing unrealized capital gains over $100 million! Do YOU have unrealized gains over $100 million?”.

Now suppose Ajit got this e-mail. Or Warren Buffett.

I’m pretty sure that explains their behavior. Cost basis matters more than ever.


Yes, I suppose that would do it, but only if they really wanted to sell and it was only the tax deferral that was keeping them from doing it. Then they might think, "I have a 50:50 chance of Harris being elected and making me pay that tax anyways." Well, actually, no, scratch that, "I have a 1 in 10(?) chance of getting a Democratic president AND a Democrat Congress and a Democratic Senate, and of them deciding to go ahead with this plan despite the problems with feasibility, so I might have to pay that tax anyways." Not quite as convincing.