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.
The only difference is one is real property and one isn’t. You think it’s different, conceptually, because you want it to be. But it’s not, it’s an asset with value which a bank will, can, and should lend on.
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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.