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Replying to Avatar Guy Swann

When capital gains are relegated to the wealthy/investors, it’s easy for the public to ignore it or casually support it.

But in the coming years the overwhelming majority of people will be forced to pay for capital gains on their homes, their cars, their bitcoin, their stocks, everything will be driving higher in dollar terms. And despite all those “gains,” people will feel poorer than ever.

It’ll probably be capital gains tax that triggers the revolt when plummeting purchasing power hits normal people with additional 20% tax on stuff that only went up in price because of inflation. 🤔

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Lonelypumpkins 2y ago

Unrealized capital gains tax is practically untenable. The majority of assets held aren't able to be marked to market in dollar terms like stocks, gold or bitcoin. What is the dollar price of your home, right now? What's the dollar price of your friend's fine art collection? Saylor's yachts? That 100 acres you own in Montana?

All unknowns.

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