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Don't say never - Biden is thinking about taxing the uber-rich person's unrealized gains. I fear that will trigger them to change how they manage their money and perhaps put it into something different, meaning sell their stock holdings. Being that those top, super rich people have so much money I'm assuming they'd have a material, negative impact on the market.

I think taxing unrealized gains is crazy. Sure, it's upside today, but what would happen in a market correction when these people have massive unrealized losses? Is the government going to pony up a trillion or two in refunds? And, it could trigger the rich to sell stock simply to cover the cost of the tax, again flooding the market. This has nothing but downside for the middle class. Just a very poorly thought out idea - it shouldn't even be at the level that Biden is thinking about it.
I'm not a Biden fan but it's not his plan. Sen. Ron Wyden is the fool who thought of it.
 
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