Yellen proposes a tax on unrealized capital gains. That means you could lose your house

U.S. Treasury Secretary Yellen proposes a tax on unrealized capital gains to finance Biden’s “Build Back Better” plans

https://twitter.com/disclosetv/status/1452422986015944711

An “unrealized gain” is when something you own gains value, but you don’t sell it, like your house or your retirement fund. So when there’s inflation and it goes up in value, you’ll probably have to sell it to pay the taxes.

Oops, someone’s posted about it. Didn’t show up because my headline was Yellen not Biden. Sorry

h/t Tess