Does this article paint an accurate picture of what lies ahead for collectibles?

[steve B]

Originally Posted by perezfan

I am already hearing that leaders of the progressive wing of the democratic party plan to place an exorbitant tax on individuals' assets. This is in addition to dramatically increased income taxes.

It has not been disclosed how they will uncover and determine the value of your assets, but I imagine lots of people will be trying to hide their respective net worth, and keep their assets as stealth as possible.

Regardless, personal property is a major entity that they're targeting. This will become much more apparent in the near future.

Hopefully they'll base it on what I paid.... Otherwise I'm in huge trouble.