I realize people want to tax the rich but seems to me that taxing unrealized gains would seriously penalize investment.
That’s a huge blow to the natural compounding that occurs as stocks appreciate over time.
Wouldn’t that kill their stock market? Who would invest with such taxes?
Seems like people would just pour their investment funds into real estate rentals or such where only “realized” income would exist to be taxed… (ignoring appreciation of the property)
That’s a huge blow to the natural compounding that occurs as stocks appreciate over time.
Wouldn’t that kill their stock market? Who would invest with such taxes?
Seems like people would just pour their investment funds into real estate rentals or such where only “realized” income would exist to be taxed… (ignoring appreciation of the property)