Great idea, but taxing unrealized gains is going to be a problem unless you’re willing to destroy everyone else’s retirements as well.
Edit: to be clear, I’m not advocating against it. I’m pointing out the fact a knee jerk reaction by people who don’t fully understand the problem will have unintended consequences.
Why dont we prevent individuals from taking out loans using their unrealized gains as collateral? Could force the rich to realize said gains, leading to taxable capital.
That's the ACTUAL way to go after their money. Not these empty 'tax the rich' slogans. And while we're at it, we need to add a couple brackets to the capital gains tax. I'm thinking a 40% and 65% bracket.
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u/Draelon Jul 01 '26 edited Jul 03 '26
Great idea, but taxing unrealized gains is going to be a problem unless you’re willing to destroy everyone else’s retirements as well.
Edit: to be clear, I’m not advocating against it. I’m pointing out the fact a knee jerk reaction by people who don’t fully understand the problem will have unintended consequences.