Wouldn’t the implication of taxing unrealized cap gains be a flood of capital into basically illiquid asset classes? Can’t pay taxes if you can’t calculate mark to market anyway.
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I’m not sure. You can still mark an illiquid asset. And if you need to sell something illiquid on short notice to pay a tax bill you could be in for a bad time.
Or maybe this is just cope because I don’t want everyone to ape into fine wines and push up prices for those of us who actually want to drink them.
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I like how this helpful note on how to invest in wine from MS reminds you that you can always drink it if you get caught holding the bag.https://www.morganstanley.com/articles/investing-in-wine …
Thanks. Twitter will use this to make your timeline better. UndoUndo
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