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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!
Can't have unrealized gains in a system that doesn't have stocks. Abolish the stock market.
They shouldn't be taxed because they're just that, unrealized. They may be worth next to nothing one day. If you use them as collateral, you're still on the hook for the value you originally took out the loan for, regardless of the loss of the investment.
Except they are realized because they are being used to purchase things and/or make more money. It can do nearly all of the things that "realized gains" can do, without being taxed.
~~It's bullshit and you know it.~~
(Because apparently that sentence was too distracting for some people)
If they truly are "unrealized", then sure don't tax them. But I think we need to change the definition of that term to include the actions that OP mentioned.
"it's bullshit & you know it" good argument. Go get an education.
That wasn't the argument though? Look, I will give it a strikethrough and it will not change the point of my comment in the slightest.
You completely ignore the entire comment except one sentence, and then you tell me to get an education? Lol
Who's got the shit argument again?
Definitely you. You ignore the way the financial system works.