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by verall 926 days ago
> You must sell [some of] your assets to feed hugry monster called government [which runs the courts, police, and military which all exist to protect the rest of your assets].
2 comments

Some assets are only sellable atomically such as art or a house. A government demanding more money because the thing I purchased with taxed money has become more valuable (or not become worthless) is a form of financial gluttony bordering on demonic.
And yet, countries without unrealized gains taxes still have courts, police, and military.
And yet, they all have taxes which feed hugry monster called government
The point was we don't need to invent new taxes
Why not?

Fiat currency is a tool created by governments to accomplish goals. Massive income inequality generally conflicts with most liberal democracy's goals. Taking loans against unrealized gains lets people much richer than me pay a much lower effective tax rate.

Why not invent a new tax to address this?