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minus-squarevillage604@adultswim.fanlinkfedilinkEnglisharrow-up8arrow-down2·1 day agoThe problem with taxing unrealized gains is that the value is always changing. It’s not real money. You’d have to pick a point in time to capture the stock/asset value, and the wealthy would just tank the value right before.
minus-square4am@lemmy.ziplinkfedilinkEnglisharrow-up18·1 day agoHow about the moment they use it as collateral for personal loans they use as income?
minus-squarePasserby6497@lemmy.worldlinkfedilinkEnglisharrow-up4·1 day ago You’d have to pick a point in time to capture the stock/asset value You mean like the bank does when they loan the money? The loan shouldn’t be able to be disbursed without realized gains/capital behind it, and they can’t tank the value without impacting their loan.
The problem with taxing unrealized gains is that the value is always changing. It’s not real money.
You’d have to pick a point in time to capture the stock/asset value, and the wealthy would just tank the value right before.
How about the moment they use it as collateral for personal loans they use as income?
You mean like the bank does when they loan the money?
The loan shouldn’t be able to be disbursed without realized gains/capital behind it, and they can’t tank the value without impacting their loan.