Addressing criticisms of Kamala Harris's Unrealized Gain tax plan.

The ultra-wealthy pay a lower tax rate than wage earners, meaning the US has a regressive tax system rather than the intended progressive tax system. Kamala Harris's tax plan would address wealth inequality by taxing unrealized gains. A Forbes article provides numerous critiques, and Trishul and Aaron try to address each point.

Episode References
Forbes: Unrealized Gains Tax is "Capital Punishment"
MMS #86: Tax Rates
MMS #70: State Taxes
MMS #27: UBI
MMS #37: Never Pay Taxes
MMS #38: U.S. Taxes
ProPublica: America's Highest Incomes and Taxes Revealed
Lamar Hunt's Estate

Aaron Agte and Trishul Patel go beyond traditional finance questions to help you explore how to use your money to achieve the freedom you want in life. Aaron is a Bay Area Financial Planner with GraystoneAdvisor.com, and Trishul is an East Coast Wealth Manager (InvestingForever.com). MindMoneySpectrum.com and YouTube.

Rent or buy? How much as a down payment?

Most Americans have most of their net worth in their home equity. In this episode, Aaron and Trishul discuss the pros and cons of making a down payment and buying a home. Is it worth making a larger down payment to lower the monthly mortgage? Is it dependent on the growth assumptions of various asset classes or the behavior and discipline of individuals?

Episode References
MMS #31: Is Real Estate just a real pain? Or are the psychological benefits worth the costs?
MMS #139. Rent-Seeking Exposed: Hidden Costs of Modern Life
US Population over time
Chloe Moore: Renting vs Buying

Aaron Agte and Trishul Patel go beyond traditional finance questions to help you explore how to use your money to achieve the freedom you want in life. Aaron is a Bay Area Financial Planner with GraystoneAdvisor.com, and Trishul is an East Coast Wealth Manager (InvestingForever.com). MindMoneySpectrum.com and YouTube.

How U.S. government incentives create rent-seeking.

In economics, rent-seeking is extracting wealth without adding value. Trishul provides data and examples of how rent-seeking has made lives harder. Home prices, healthcare, and education have all increased more than incomes, and rent-seeking is partially to blame. They look at how the U.S. government has incentivized individuals at the expense of society as a whole.

Episode References
MMS #26. Practical advice on navigating a dysfunctional healthcare system.
MMS #85: Real Estate
MMS #28: Education
Rent-seeking
Reuters: Record Home Prices
Population Demographics
MLS Lawsuit
Japan Housing Prices
Price Elasticity
Cartel
South Korea Population Decline

Aaron Agte and Trishul Patel go beyond traditional finance questions to help you explore how to use your money to achieve the freedom you want in life. Aaron is a Bay Area Financial Planner with GraystoneAdvisor.com, and Trishul is an East Coast Wealth Manager (InvestingForever.com). MindMoneySpectrum.com and YouTube.