The tax applies only to individuals with at least $100 million in wealth and mostly affects hedge fund managers.
t_d thread: https://archive.is/5pFXr
here's fox news trying to convince people that the tax will mean that if your home goes up in value, the government will take your house: https://archive.is/Ay89M
"This would be the most crazy tax structure we have ever seen. It makes Venezuela look normal. It makes Russia look normal," Gingrich stressed. "That speech last week in Raleigh, where [Harris] outlined her economic plan, that was crazy. That was so far to the left of Bernie Sanders that Gorbachev in Russia would have thought it was a radical speech."
This will 1000% never pass. The logistics are impossible
It's for publicly traded shares, so it really doesn't seem impossible. Logistics seem about as complicated as paying income tax on income received in a foreign currency.
Which companies notoriously have never find loopholes in.
I'm sure the self-regulatory agencies will definitely be able to figure this out in a way that benefits the public.