joining me from the university of maryland, economist, peter morici. ter, taxing unrealized gains seems to be antithesis what a government should be doing, what made this nation great in the first place, encouraging investment. >> absolutely. look at wealth of bill fairs in america, 4.5 trillion. joe biden's ambitions are 5.5 trillion. he simply can't get all the money he wants this way. this tax is very impractical to apply. that ground has been covered. if he starts applying this kind of tax to billionaires, two or three years when they want to make all the programs permanent because they don't have enough money they're coming after ordinary people. ordinary people, someone own as 500,000-dollar house, goes up 20% in the year, that is the way the market is going, all of sudden worth 600,000. does that mean the federal government asking grandma living in the house for check of 25$30,000? they have to sell the house to raise money. charles: to your point they admit, nancy pelosi says this will raise 200 billion in the grand scheme of things. that is not