> Taxing unrealized gains in any form is pure stupidity That's what property taxes are. Most people's largest asset is their house. So actually most people are

> Taxing unrealized gains in any form is pure stupidity That's what property taxes are. Most people's largest asset is their house. So actually most people are already paying taxes on unrealized gains. It's only genuinely wealthy people, who generally have more valuable assets, that don't. > Now you're paying a cash tax on $100m when you can't even sell anything. It's impossible to write the law to avoid this type of situation? > When [billionaires use their unrealized assets as collateral for borrowing] make those as realized assets and tax them That works too! And also ban buybacks. If companies want to return profits, pay dividends.