This administration is absolutely nuts. Treasury Secretary states they now want to tax unrealized gains. An unrealized gain is an asset that goes up in value but you have not sold yet. Like your house. Like your retirement fund. Essentially they want to tax money you don't have yet. So you get taxed for income. Then when you invest that taxed income, you get taxed for unrealized gains. And then when you sell that investment, you get taxed a third time for the realized gains. Hard to imagine any sane person defending this administration anymore. They've messed up just about everything they've done so far - immigration, Afghanistan withdrawal, inflation, gas prices, supply chain issues, covid response.