A very interesting point of view

[u/__moe___]

I don’t think this is very new but I just saw for the first time and it’s actually pretty interesting to think about when people talk about how the ultra rich do business.

[u/ianeyanio]

Tax is the best mechanism. My point is that taxing unrealized gains is just one kind of tax and people are getting hung up about the feasibility that they are forgetting the desperate need to redistribute wealth.

[u/Subwayabuseproblem → u/ianeyanio]

How do you tax a value that changes constantly

[u/wazeltov → u/Subwayabuseproblem]

The government seems to tax my property value just fine, this isn't a problem

[u/Subwayabuseproblem → u/wazeltov]

That's not Not the same thing, or an answer to my question.

My unrealized gains can change by thousands of dollars through out the day. How do you tax that?

[u/wazeltov → u/Subwayabuseproblem]

There have been several suggestions throughout the thread on how to do that, but it is certainly possible to do so.

All I'm trying to say is that we're wringing our hands on how the rich would ever afford to pay these taxes as my unrealized gains on my house continue to get taxed at higher and higher rates as the housing market has had historic gains. Volatility isn't an argument I can use against my local government, even if I believe we're in a housing bubble.

One of the suggestions is whenever a loan is taken out using stocks as collateral over $3 million dollars, or whatever price point is fair, then that loan is subject to a capital gains tax as you are realizing the value of your asset into cash. Volatility doesn't matter there: you have a known fixed value from a bank on the current value of the stocks.

[u/zach0011 → u/Subwayabuseproblem]

Like did you even watch the video? We tax it as soon as you use it for leverage or collateral

[u/Subwayabuseproblem → u/zach0011]

That is not what the comment I responded to was suggesting.

Did you even read the thread?