alt Hacker NewsIt's crazy to tax unrealised gains. You pay tax based on money you don't have, just a bureaucrat's decision as to how much your portfolio went up.
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renewiltord • yesterday at 5:19 PM
Yeah, I think so too. But if we’re going to tax them I think setting the limit to 5x median American wealth is fine. That way it impacts a broad enough base that it’s not two wolves and a sheep sitting down to dinner.
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I take it you've never heard of property taxes?