Voluntary Unrealized Gains Tax (VUGT)
A national contribution without selling a thing
America can’t dig out of $36+ trillion in debt with business-as-usual revenue. Cutting essential programs or squeezing working families isn’t the answer. We need an immediate surge of capital to stabilize the system—and the VUGT delivers it.
How It Works
Voluntary program for ultra-wealthy Americans with significant investment gains.
Participants pre-pay 8% on a portion of their unrealized gains (wealth that’s grown but not yet sold).
In exchange, they lock in a 10% discount on future capital gains taxes for up to 20 years.
If portfolios fall below the prepaid value, prepaid tax can be applied to other federal obligations—no one loses.
Assets sold specifically to fund the tax are exempt from capital gains.
Why It Makes Sense
For participants:
Immediate tax certainty and long-term savings.
Liquidity carve-outs protect them from being penalized.
A chance to lead national reform voluntarily, on their terms.
For the nation:
Rapid infusion of revenue to jumpstart debt reduction.
Frees up frozen capital at the top of the economy, encouraging reinvestment, innovation, and circulation.
Builds trust by showing we can tackle debt without punishing working Americans.
Short-Term Stabilizers
Alongside VUGT, three temporary measures provide lift while reforms take root:
Corporate tax reset: Slight, temporary increase while rewarding reinvestment in workers.
Front-loaded Net Worth Tax: Higher initial rate that scales down as the system stabilizes.
The Bigger Picture
VUGT isn’t permanent—it’s a two-year offering to stabilize the ship.
Its primary purpose: rapidly capitalize the National Emergency Fund, so it starts generating passive returns and reducing our reliance on debt.
The wealthy aren’t punished—they’re given the chance to step up and strengthen the system that made their success possible.
The bottom line: The VUGT is a bridge—an immediate, voluntary way to inject cash, reduce debt, and restore momentum while long-term reforms take hold.
📘 Want to dive deeper into how this works? [Read more in the book →]