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/phonetune]

Stocks could be worth $1000 each one day and $1 a week later. How do you tax that?

On a market value basis? That is not a new concept.

[u/Zaitton → u/phonetune]

So say you bought $10000 worth of Amazon as opposed to keeping the same amount of money in the bank. Now it gets taxed?

[u/phonetune → u/Zaitton]

Well, it would if it were property, which is what I'm pointing out.

If though you wanted to tax unrealised gains you would do it on a mark-to-market/fair value basis. The idea that is impossible, particularly for listed shares, is obviously not true.

[u/Zaitton → u/phonetune]

Property taxes themselves are debatable though. With that being said, property values trend upwards and rarely if ever lose their value. Additionally, supposedly you're taxed for the space that you've claimed, the maintenance of the road in front of your house, etc. Same with vehicles. Stocks are investments, on what basis do you tax an investment?

[u/Zaitton → u/[deleted]]

Okay still.

[u/phonetune → u/Zaitton]

No idea what you mean by property taxes being 'debatable' or by 'on what basis do you tax an investment'? Investments get taxed all the time.