Vice President Kamala Harris and her running mate Tim Walz have been slow rolling their campaign. Despite millions of dollars in funds being poured in after dumping Joe Biden as the Democrat Party’s candidate for president, Kamala has yet to add any policy positions to her website.

Equally odd has been her uncanny aversion to sitting down for an interview about her vision for the country – even when networks friendly to her have extended an offer. All we’ve seen is a painfully awkward CNN interview with her and her vice presidential pick.

Regardless of how close the Harris-Walz campaign wants to play their cards to their chest, Americans can quickly find out exactly what Kamala Harris is about. One thing we know for sure, she’s coming for your wallet.

Feeding the Bloated Budget

According to the Treasury Department’s data, the U.S. federal government spent $6.13 trillion in fiscal year 2023. That’s a larger amount of money than every country’s economy except China.

With such an enormous budget, you would think the smart move would be to dangle some tax breaks to the voters you’re trying to win over, right? Americans have felt the pain of the COVID-19 shutdowns years ago and the resulting inflation that has eaten away at their earnings. Isn’t it time to give the little guy a break?

The Harris-Walz campaign doesn’t think so. Instead, they are looking to double down by increasing taxes beyond anything we’ve seen in recent memory.

Kamala’s Costly Claptrap

In recent days, Kamala confirmed that she supports increasing the influx of tax dollars into the government’s coffers by a staggering $5 trillion. We know this because she decided to just forgo thinking on the subject and back Joe Biden’s tax proposals. But what does this mean for Americans?

The plan would increase the corporate income tax by a third to 28% – despite the fact that we have solid evidence that 70% of the corporate tax burden is shouldered by workers in the form of lower wages. This would also make America’s corporate tax rate worse than China, Canada, Britain, Russia, even the European Union. Why wouldn’t companies just uproot and move to a different country?

She also wants to raise the dreaded “death tax” from 40% to a scale of 55%-65%. But that’s not the worst part. She is advocating lowering the threshold for this tax from $13.61 million to $3.5 million. This would absolutely devastate the notoriously land rich but cash poor farmers of America, forcing them to sell their vast farms should the valuation go above what the government deems is too much.

But worse of all, by far, is a harebrained idea that Democrats have been too afraid to push for decades – a tax on unrealized capital gains. What’s the issue with taxing unrealized gains? The fundamental flaw is that there’s nothing concrete to tax until the asset is actually sold for a profit. For instance, if I buy a house for $400,000 and its value increases by $50,000 the next year, an unrealized gains tax of 25 percent would force me to pay $12,500 to the government, even if I haven’t sold the house or have the cash readily available to cover the tax.

Of course, the Democrat Party would be the first ones to point out that this new tax would only apply to unrealized capital gains on assets worth more than $100 million. The average American will pay nothing, only the extremely wealthy, they would say. As Milton Friedman once said:

Today Congress can raise taxes because it can persuade a sizable fraction of the populace that somebody else will pay.

We hear this all of the time. “Someone” will pay for it. Someone who is “not paying their fair share.” Like all new taxes, this one is being pitched as something that only targets the rich. However, the reality is that it will burden family businesses and farms. When the income tax was first introduced in this country, it targeted just the top 1% with a mere 7% rate. Fast forward to today, and we’re drowning in tax returns, with Democrats like Harris pushing for a top rate of 44.6%.

Americans aren’t buying it either – opposition to taxing unrealized gains is strong, with a 3 to 1 margin against it. Even seventy-six percent of independents are opposed.

And let’s not forget, Europe has tried these wealth taxes repeatedly, and they’ve failed every time. The truly wealthy just shift their assets and hire savvy tax lawyers, while small businesses suffer. Take Norway, for example — they anticipated collecting $150 million annually from their wealth tax. Instead, $54 billion fled the country, dragging $600 million in tax revenue along with it.

Is this the kind of country you want to live in? One that taxes success, hamstrings farmers and small businesses, and funnels trillions of taxpayer dollars to federal government bureaucrats who don’t care about you or your family? Let us know down in the comments below.