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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!
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this post was submitted on 19 Sep 2024
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Lol. You are ignoring the fact that we already tax unrealized gains: property tax. And that's actually harder to value than something on a stock market.
An "unknown number"? When you open your Robinhood app, does it show numbers? Because if it doesn't I think you need to message their help desk.
The only proposals are for massive gains above $100 million. I think a 1% tax on that would be just fine.
LOL. I don't agree with property tax based on home values either.
What part of the stocks in a portfolio that you have not sold have no gain aren't you getting? Yes, there's a number in Robinhoid and tomorrow that number could be zero. Companies go bankrupt and when that happens, common stock goes to zero. Until you SELL the stock, there IS NO gain or loss.
The OP does not mention only gains over $100m.
The answer isn't to tax them. It's to not allow them to be used as collateral.