Vice President Kamala Harris has reportedly backed a proposal to tax people with assets exceeding $100 million for unrealized capital gains. - kamil krzaczynski/Agence France-Presse/Getty ImagesI’m trying to work out if I’ve ever heard as much nonsense in such a short period of time as I’m hearing right now about the Biden-Harris plan to tax unrealized capital gains.Under the plan, an increase in the value of an asset would be taxed as income, even if the owner hasn’t sold the asset. Right now, these so-called paper profits aren’t taxed.Most Read from MarketWatchNever mind that this proposal is nothing new — and is nowhere near getting passed into law anytime soon, anyway.Or that it would only apply to the tiny number of people who have a net worth of over $100 million.Or that it would be created to fix a very specific problem, which is that many of the superrich actually pay almost no income tax at all.Even when I put all that to one side, almost every single thing I’m hearing against the proposal is wrong and an insult to our intelligence.I’m not even especially liberal. I’m a registered independent, an investor and a capitalist. But these arguments are so bad they make me want to hoist the hammer and sickle and start singing the “Internationale.” Low-tax conservatives and Republicans should be cringing in embarrassment.First, let’s start with all the arguments being made against this policy that are just arguments against taxes in general — for example, that if we tax unrealized gains, it will mean people are being penalized for owning assets, or for saving money.By that measure, I’m being penalized for working for a living, because I have to pay income tax. I’m also penalized for owning a home, because it is subject to property tax

The Americans for Financial Reform Education Fund and its Take on Wall Street campaign launched a digital platform, ESGexplainer.org, to provide information about environmental, social and governance factors in investing, according to a press release from the nonprofit.