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I'm glad you've come around to my p.o.v. on property taxes! The pros and cons of a mark to market capital gains tax are pretty far outside of the scope of this
by harryh 7y ago
I'm glad you've come around to my p.o.v. on property taxes!
The pros and cons of a mark to market capital gains tax are pretty far outside of the scope of this thread, so I will save my thoughts on them for another day.
- scarface74 7y agoIt’s the same concept. You want to tax illiquid unrealized wealth that may force people to sell the underlying illiquid asset to pay taxes.
- harryh 7y agoI already covered this way upthread. Property taxes aren't wealth taxes, they're consumption taxes.