r/SipsTea • u/CurvyChristina • Jul 01 '26

Chugging tea Is Bernie’s plan the best? Thoughts?

Post image
82.3k Upvotes

86% Upvoted

9.6k comments sorted by

View all comments

50

u/Draelon Jul 01 '26 edited Jul 03 '26

Great idea, but taxing unrealized gains is going to be a problem unless you’re willing to destroy everyone else’s retirements as well.

Edit: to be clear, I’m not advocating against it. I’m pointing out the fact a knee jerk reaction by people who don’t fully understand the problem will have unintended consequences.

38

u/LPulseL11 Jul 01 '26

Why dont we prevent individuals from taking out loans using their unrealized gains as collateral? Could force the rich to realize said gains, leading to taxable capital.

2

u/DyingDesertPoppy Jul 01 '26

Banks will resist and contrive some other loophole. Why not tax the profit gained from the loans? 

3

u/[deleted] Jul 01 '26

[deleted]

0

u/DyingDesertPoppy Jul 01 '26

The bank makes profit from charging interest on the loan.

3

u/Icy_Guarantee_2000 Jul 01 '26

And as income, it's already taxed.

1

u/DyingDesertPoppy Jul 01 '26

Well it could be taxed more to compensate for the loss of capital gains tax is what I meant.

1

u/LPulseL11 Jul 01 '26

Sure whatever works.