this post was submitted on 11 Jun 2026
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Technology
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Who even gives a shit at this point. It's almost laughable. The stock market creates money from thin air without any sensible valuations anymore. Could be a decidillionaire at this point and nothing would change.
Governments should really find a way to tax unrealised gains. Then this fiesta would end quickly.
They already do for a lot of middle class people. They're called property taxes and they're reassessed regularly (usually up) based on change in market value and not realized gains. We need something like that for billionaires.
But you know, conservatives think taxing rich people is unpatriotic and stuff :>
Well the arguement they always put forward is something about trickle-down economics. Essentially the rich people will spend their money which will benefit the local economy.
Accept of course it doesn't work because rich people don't spend money in the local economy they spend it in Monaco. Who's economy I don't care about.
My man, my stock market portfolio could go up when Trump tweets about a deal, get hit by a huge tax, then I won't have the money to pay the tax when it turns out there's no deal
Taxes can be variable depending on income, net worth, number of children, nipple circumference, or any other measure we decide to use. Don't talk about them like you're in the same category as Elon Musk because there are very few categories in which that is true.
Just make it illegal to use unrealized stocks as collateral for loans and credit.
Or just make you pay capital gains tax on the collateral and step up the cost basis to the date of the loan
But they never just pass a tax that only affects the wealthy. I ended up paying AMT one year because I had capital gains. I think that's ridiculous because it was meant to affect only rich people and I had a one time windfall
Whatever interval for reevaluation is chosen, it's not going to be daily.
Even once a year you can lose all your money between Dec 31st and April 15th