Did I say mandatory? I meant optional! You’re “free” to die in a cardboard box under a freeway as a market capitalist scarecrow warning to the other ants so they keep showing up to make us more!
Did I say mandatory? I meant optional! You’re “free” to die in a cardboard box under a freeway as a market capitalist scarecrow warning to the other ants so they keep showing up to make us more!
Wouldn’t that affect things like Home Equity loans?
Homes are taxed based on assessed value. They are already a form of taxing unrealized gains.
Most of the population either has:
I think it’s fair to ask that the rich play by the same rules. You can either borrow against your gains and pay taxes on them, or not pay taxes and not be able to borrow against them.
No because the mínimum for this to apply is 100 million.
The government also told the public that the income tax was going to apply only to rich people, how’d that turn out?
Depends on the exact implementation, but sure, you could happily write a version where an initial home loan isn’t hit, and only “top up” loans against the INCREASED value of your home is targeted.