Biden proposes capital gains tax of 44.6%, highest in history

[Associate Justice PiT]

Also did anyone see the even more insane unrealized gains tax ?

     Probably meant to counteract the extreme holding mentality that, as S019 points out, this would push people into. It's still really aggressive though to be taxing people so hard for a gain that only exists on paper; I could imagine an asset-rich cash-poor individual not being able to make those payments.