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I think being able to put off capital gains on assets like homes and start-up stock is necessary for the tax system to not do awful things like force people to
by TimPC 5y ago
I think being able to put off capital gains on assets like homes and start-up stock is necessary for the tax system to not do awful things like force people to sell a home because it becomes too valuable or bankrupt someone who has stock options in a company that reaches a high valuation but has untraceable stock.
- skybrian 5y agoWe consider these awful because of tradition. The land tax advocates would say that people who own valuable real estate should sell, they are hoarding valuable property. My scheme (which I’m not too serious about) would not force bankruptcy in the stock options scenario because you could give up some stock options to get your money back. Or possibly get a very low interest loan since it would be fully collateralized by the forced savings.