Yeah, exactly. If unrealized wealth isn’t a thing, why do property taxes increase even if you haven’t sold your home? After all, your home going up in value isn’t realized until you sell the property. It’s almost as if the federal government knows that unrealized gains are BS, but they only want to bother with taxing the poors. Because if they started taxing unrealized wealth, that would target the rich. And we can’t have that.
Yeah, exactly. If unrealized wealth isn’t a thing, why do property taxes increase even if you haven’t sold your home? After all, your home going up in value isn’t realized until you sell the property. It’s almost as if the federal government knows that unrealized gains are BS, but they only want to bother with taxing the poors. Because if they started taxing unrealized wealth, that would target the rich. And we can’t have that.