"What if unrealized capital gains taxes were implemented, what would that do?" Hannity asked Trump following the Harris campaign's announcement.
"She wants to do that. This is where you have something, you don't even know what the value is. I tell you what, if that's going to happen, go out and open an appraisal company because you're going to make a fortune. That's about the only group that's going to make it. And accountants, it is the craziest idea," Trump responded.
"And remember this, very rich people and big international corporations, they don't have to stay in the United States, and they will be forced to leave for other countries. They can't afford to do a thing like that. They may have great wealth and no cash, and they're going to have to pay cash. Where are they going to get the cash? If they do that, the unrealized capital gain, it's, you know, it's been talked about for a few years by ultra-left Marxists," he continued.
Trump then said Harris' father is a Marxist economist.
"Her father's a Marxist teacher of economics. Can you believe this? But if that happened, this country and I think forgetting about that … shes got a lot of things that are just as bad. If she gets in, I think we will have a depression, 1929-style depression. That's what I think will happen to our country already. They've set us on a path," he said.
Harris' father, Donald J. Harris, who coincidentally shares the same first name as Trump, is a retired Stanford University professor of economics, whose economic background is steeped in Marxist theory, which earned him the description from the Economist this year as a "combative Marxist economist."
Trump also brushed off Harris characterizing crippling inflation as "price gouging" and her vow to install price controls on companies to combat the issue if elected to the Oval Office.
"Every time it's been tried, no matter over hundreds of years, not just over hundreds of years, price controls, you end up with no product. You end up with massive inflation, and you end up with [destruction]," Trump said.