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Chris Guida
2895c330c23f383196c0ef988de6da83b83b4583ed5f9c1edb0a559cecd1f900
Lightning Dev / Educator

Well yes, that's how property taxes are assessed, but no, it does not follow that what's being taxed is an "unrealized gain".

A "gain" is something that happens when we sell an asset for more than we bought it. If property tax were a tax on a gain, the amount we paid for the asset would have to be taken into account so as to calculate the difference between what the property is worth now and what it cost us to acquire, ie the gain. Since property tax is assessed on the total value of the property, this cannot be what's happening.

The reason people buy property is to *use* the property, unless they are speculating. So what's actually being taxed is a "realized benefit" rather than an unrealized gain.

The government or security agency says "hey, you're benefiting from that property, and we're protecting it with our guns, we therefore impose a fee that is proportional to the benefit".

In no way is a property tax a tax on unrealized gains. The tax is a fee for protection of the property, end of story.

If you don't pay property tax to anyone, you must protect your own property, which is usually very inefficient.

Ok, but that's for me to decide, not the restaurant.

A restaurant with chronically slow service is not a good restaurant because occasionally it coincides with my desire to have a slow experience. It's just a bad restaurant.

A restaurant with chronically fast service is a gold restaurant because I can choose to have a fast experience or a slow experience depending on the context.

I obviously don't need this for something like Twitter which I'm used to checking quite often.

But for something like Nostr that I'm onboarding to, if I don't get notifications I'll just forget it exists.

Cool, this is how I do Twitter. I only follow people once I know I'm interested in hearing what they're gonna say

But I guess that kinda doesn't work on here when you're first starting out, since there's no algorithm to suggest other people you're not following that you might be interested in following.

Ah ok. well, that seems like a flaw. I'd definitely be on here much more if I could see what people are doing when I'm not actively in the app. I can't just spend all day in here waiting for stuff to happen.