The only people it’s worth it for are the connected billionaires who can scoop up assets cheap while the rest of us end up as serfs.
The only people it’s worth it for are the connected billionaires who can scoop up assets cheap while the rest of us end up as serfs.
Nearly every homeowner has unrealized gains in their house value.
Edit: Also, all these unrealized gains of the very rich would also be taxed when transacted, like the retirement funds, but there are loopholes. They can leverage that wealth without “realizing” the value.