Don’t try to tax the dollar value of the securities. Enact a wealth tax of the securities themselves. Transfer shares of the security to the IRS, to be liquidated slowly over time. Non-liquid securities would be held much like a lien.
collapse_already@lemmy.ml 1 day ago
You wouldn’t even have to make a huge reform to make a big difference. If we changed using “unrealized gains” as collateral to count as realizing those gains, the ultra wealthy would pay a fuck ton more in taxes. Also, the interest on those loans should not be deductible. Boo hoo if you end up with a margin call. Don’t make risky bets.
Rivalarrival@lemmy.today 1 day ago
NotMyOldRedditName@lemmy.world 1 day ago
This is where I stand on it. Charging taxes on unrealized gains is never going to happen, and its not like we’re going to give them a refund if it swings the other way.
Taxing collateralizion and usage of the unrealized gains would be massive, and if they don’t like the new system, then sell them and pay taxes like everyone else.