How Tax Hikes on Billionaires Could Cut Your 401(k) in Half: The Ripple Effect on Retirees

Patrick Bet-David explains how the Kamala Harris 4 Trillion Dollar Tax Plan could impact you in this informative video. Understand the implications and stay informed!

[jeffreypayne]

You’re 100% right. I never can understand how supposedly intelligent people can’t comprehend simple economics. Thank you for using your platform to educate others

[DJCPO]

Taxes on unrealized gains is the single dumbest economic plan that has ever been proposed. It will literally destroy the market. He is being stupidly generous saying 50%.

[elizabethmarzluf]

Your absolutely correct and I hope the majority see this and vote accordingly

[andycostilla]

I love that you SPEAK THE TRUTH my brother....we all have different opinions but I respect that you speak the TRUTH....HIGH FIVE

[richardounjian]

Not to mention that inflation made 700k not that much

[martinlutherkingjr.]

This is why you need to start going more conservative in your portfolio years before retirement

[Sanchyfab]

This economy is so f*cked I need to start investment right away

[kcal]

I learned this on a different scale in my 20s. I was a bartender.. the years they "punished" rich people, everyone was broke, and didn't have money to spend. The years rich people had less taxes, everyone was spending lots of money. I learned that -shit rolls downhill.... but so does money.

[sharleen]

EXACTLY!!!! people don't understand when you tax the rich when you make them pay more then they'll have to find other ways to stay on budget and us, the people that work for them have to pay the price.

[Cherie-kwkj]

Ask the 70s-80s elderly who ste working at Walmart.

[mR-dcoq]

They’re going to do in 2024 what they did in 2020...ever hear of a fixed race?

[wendellwelling]

Unintended consequences are always underestimated.

[dongaetano]

Thanks Pat a tax consequence lesson stated with panache
Keep'em coming.

PS: I'll ask again - could you do a teaching video on what affects Oil and Gas prices?
Would be very helpful.

[dserenity]

100% I have no idea why someone doesn't take a micro economics course and make ridiculous statements on how the average person will not be impacted by unrealized capital gains. 😅 I worry, and good reason 2.

[gtcam]

One thing that FOR SURE trickles down, is taxes

[BetterToDIY]

If you are 62 years old, your 401k should be pretty conservatively invested so the value doesnt fluctuate so much. Keep an eye on that people.

[captureoutdoormedia]

Would the tax on unrealized gains apply to Roth (post tax) contributions? Genuinely curious

[pogiboy]

Retirement has been extended to six feet under.

[sammythebull]

Shows you how ignorant the masses are. Hopefully more people are waking up.

[Ari-oouq]

I hope more people come across this video