Vice President Kamala Harris stirred up the hornet’s nest by hinting at a potential tax on unrealized capital gains and hedge-fund manager Bill Ackman on Wednesday joined the debate with his view on the same. What Happened: Ackman was responding to independent journalist Lee Fang’s point on people in the $10 billion+ range of wealth skirting tax payment. While acknowledging that there were problems with the tax on unrealized gains proposal, Fang said, “The people in the $10 billion+ range of wealth pay nearly zero income taxes, borrow till death, then heirs get a cost basis reset to pay zero c…
