Post #9538 by LongTermBRK on the Berkshire Hathaway board

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I think the answer is simple.

I just got a targeted email ad this morning. It says “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.

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