Simple solution: Reset the cost basis of an asset to the current market value and realize the capital gain when said asset is used as collateral. Oh and treat t

Simple solution: Reset the cost basis of an asset to the current market value and realize the capital gain when said asset is used as collateral. Oh and treat the capital gain as income. No more of this lower tax bulllshit just because it's an "investment". Income is income. If anything CGT should be more than income tax because there's zero labor involved.