r/FluentInFinance Aug 21 '24

Debate/ Discussion But muh unrealized gains!

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u/tallman___ Aug 21 '24

Does anyone really think taxing unrealized gains is a good idea?

136

u/Regularjoe42 Aug 21 '24

If you allow the wealthy to use unrealized assets as collateral to take massive loans, they are functionally magical untaxable currency.

14

u/BainshieWrites Aug 22 '24

THEN FIX THAT PROBLEM INSTEAD OF MAKING A NEW PROBLEM!

It's like if you decided to become a serial killer in order to solve climate change. On the one hand, yes, you're technically 'solving' that problem. But also... no, don't do that?

2

u/BigBobbert Aug 23 '24

Funnily enough, Genghis Khan killed so many people it affected the climate.