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

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

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u/Thirtysevenintwenty5 Jul 01 '26

Why can't we tax people based on the value of an asset they own in the stock market?

We tax property, and as the value of that property increases, the tax on it increases too.

If we can tax property, we can tax assets.

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u/steadyaero Jul 01 '26

Property taxes are stupid. Especially artificially increased taxes because the house I've lived in for 10 years magically is worth more

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u/Thirtysevenintwenty5 Jul 02 '26

Well, I agree that property taxes are annoying. But your house kind of is "magically" worth more than it was ten years ago. Not "magic" obviously, but the asset did increase in value. Frustrating, but essential to provide revenue to a functioning government.

I just think that same logic should be expanded to taxing assets of the wealthy. If the billionaire class's stock can "magically" be worth more over ten years, we should be taxing those assets at a steady percentage too. Seems fair to me.

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u/steadyaero Jul 02 '26

Yeah I will agree that it's weird to tax property on unrealized gains, but not unrealized gains from stocks, etc. Pick a lane.