Let's play the rich get everything. The rules are the rich get everything. participation is mandatory.
Did I say mandatory? I meant optional! You’re “free” to die in a cardboard box under a freeway as a market capitalist scarecrow warning to the other ants so they keep showing up to make us more!
I think a law stating you can’t borrow against unrealized gains would be sensible.
You can keep your unrealized gains forever, live of your dividends for all i care, and pay no tax. But realizing them, either through selling or borrowing against, triggers a taxation.
Mhm. There’s a very good reason unrealized gains aren’t taxed: volatility. Are you and the government expected to swap cash back and forth everyday to correct for changes in the market? No that’s silly.
For that same reason, using unrealized gains as security is dangerous, in the same way as the subprime loans market was.
Allonzee