How do you draw a line between unrealized capital gains and a wealth tax? Stock value, for instance, isn’t part of “wealth”?
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Em? It's a tax on wealth. That sounds like a wealth tax. (It's not a tax on *all* wealth, but few wealth taxes are.)
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combine "tax on unrealized gains" with "rampant inflation", and that distinction decohers
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Honestly I don't see how they're not the same thing.
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Whats wild is like… its almost the like crowning achievement of tax shakedowns. Imagine, one thing to have wealth you have stolen, another to have wealth you haven’t even gained yet stolen! I can’t tell if its desperation or cockiness…
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