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Taxing someone based on their unrealized gains only makes sense if you have liquidity! Instead of making the tax system more complicated with propositions like

by sunsu 15y ago

Taxing someone based on their unrealized gains only makes sense if you have liquidity! Instead of making the tax system more complicated with propositions like this, we should just switch to a consumption based tax system.

chii 15y ago
A consumption based tax unfairly places more tax burden the poor, who is less likely to be able to afford it.
- kansface 15y ago
  The tax doesn't have to be flat- luxury goods can be taxed at a higher percentage.
  - chii 15y ago
    And who gets to decide what is "luxury goods"? I think consumption tax is still considered unfair, whether it's tweaked to be "unfair" to the rich, or "unfair" to the poor.