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!
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!
This is the thing, I think. We’re talking about unrealized gains, but I think the definition of the phrase hasn’t kept up with the practical application. If the unrealized wealth is providing tangible value, e.g. as collateral for a loan, is it “unrealized?” Seems pretty obvious it’s very realized and should be taxed as such.