I have to pay taxes on my house based on unrealized gains, and to unlock those gains I would have to become homeless (which sucks worse than becoming stockless). If I don't pay the tax on that 'unrealized value' I lose the actual asset. But please tell me how unreasonable taxing unrealized stock gains would be, and how doing taxing unrealized gains is unheard of, irrational, and would destroy the market that created those gains (I guess like how property taxes have decimated housing prices?).
You pay a value tax on your house, but you did not and not paid a tax on the gains of your house.
Sounds like a mad system to tax property based on potential current value. Do you get tax refunds if the house price falls?
Completely agree - we should end property taxes; or make them a based on size of the property.
It's difficult to argue that future tax and present tax are the same.