How do ideas like this actually get taken seriously? Is this just for votes? I’m all for the end goal here but mandating it by fiat seems to ignore various unpr

How do ideas like this actually get taken seriously? Is this just for votes? I’m all for the end goal here but mandating it by fiat seems to ignore various unpredictable second order effects that could crash the economy and drive innovation out of the U.S. Too many unknown unknowns. I would be much more in favor of implementing universal basic income instead of taxing unrealized capital gains. If the stock market + inflation + pledged assets is a gradual way to transfer more wealth to the already wealthy, then UBI would be a much “smoother” counterbalance to this process.