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And yet, countries without unrealized gains taxes still have courts, police, and military.
by fxd123 3y ago
And yet, countries without unrealized gains taxes still have courts, police, and military.
- verall 3y agoAnd yet, they all have taxes which feed hugry monster called government
- fxd123 3y agoThe point was we don't need to invent new taxes
- verall 3y agoWhy not? Fiat currency is a tool created by governments to accomplish goals. Massive income inequality generally conflicts with most liberal democracy's goals. Taking loans against unrealized gains lets people much richer than me pay a much lower effective tax rate. Why not invent a new tax to address this?