Opinion

The DSA’s dangerous fine print. They're coming for millionaires (and you)

Abdul El-Sayed's proposals target capital gains, inheritances and trusts starting at $1M, far below federal thresholds

By Ted Jenkin Fox News

Published September 23, 2026 5:00am EDT | Updated September 23, 2026 6:17am EDT

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"Tax the billionaires." You think this is what you hear from Democratic Social Candidates, but it might be time you start reading their websites and examining their policies.

While these are easy campaign slogans, there is a far more dangerous tax villain lurking in the alleyways. It’s called taxing middle America and the legacy they want to leave their kids when they don’t even know it.

Some of the tax proposals being advanced by democratic socialists don't stop with Elon Musk and Jeff Bezos. They start with the average family living on Main Street America.

LET SOCIALISTS ROB FROM THE RICH 100% AND YOU STILL WON’T BE ABLE TO PAY THE BILLS

Policies start hitting at $1 million.

Michigan Senate candidate Abdul El-Sayed's tax platform is a fascinating example.

He supports taxing capital gains above $1 million as ordinary income.

He wants to eliminate stepped-up basis. This means your kids pay taxes on that appreciated Nvidia or Apple you own, your real estate that has gone up in value and even those baseball cards you’ve been storing in the attic.

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PROGRESSIVES WANT TO TAX BILLIONAIRES FIRST, AND YOU'RE NEXT ON THE LIST

He supports taxing inheritances greater than $1 million as ordinary income. Did you realize that life insurance you own is........

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