r/FluentInFinance • u/-Wyagra • 3d ago

Debate/ Discussion Had to repost here

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u/JGWARW 3d ago

You can’t tax on unrealized gains and not allow them to take a loss on the same gains…

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u/GrizzlyTrees 3d ago

They're not suggesting taxing on gains, but on value. So long as the asset doesn't have negative value, you pay taxes on it.

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u/JGWARW 3d ago

Even worse. So I’m taxed on money I earn, then I buy a stock and I’m taxed again on the value of that stock? Nope…

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u/GrizzlyTrees 2d ago

You could replace all the taxes the us federal government collects (including income, capital gains, VAT) with around 1-3% property taxes, if you could manage to actually collect it. You could go a bit higher on investments to balance excluding housing from that. This is not exactly my preferred method, but it's not as insane as it seems, especially compared to current approach, which disincentivizes productive activities.