Kamala Harris has endorsed a tax on unrealized capital gains, which would affect only the wealthiest individuals—those with a net worth of over $100 million who do not pay a minimum tax rate of 25%. This proposal aligns with President Biden's budget plan and is aimed at addressing tax inequities, potentially raising $500 billion over ten years. Critics argue that taxing unrealized gains penalizes asset ownership and could lead to taxation on assets like homes, while supporters believe it targets a small, ultra-wealthy demographic that often pays minimal taxes. Despite the backlash, proponents assert that the plan addresses systemic issues in the tax code and is a necessary reform. The proposal is still far from being enacted into law, as it faces significant political challenges in Congress. Overall, the discussion surrounding this tax has revealed deep divisions in perspectives about wealth and taxation in the U.S.