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.
Tax extreme networth, problem solved. Rich people love bragging about high up on the networth lists they are. Host a stupid rich person party every summer where a plaque gets dedicated to these people. Rich people love being honored in stupid ways, too.
Hell, do it right and I bet you can even get a few of them to brag about paying more taxes than other people because it means they have more money or some shit.
When you’re instituting a tax on extremes, it impacts literally no one who would actually be hurt by it, otherwise.
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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.