Taxing unrealised capital gains is like paying GST on opportunity cost—you're being charged for something that hasn't actually happened. It assumes everyone can sell assets and realise profits on demand, but markets don't work that way. When everyone tries to cash in at once just to pay their tax bills, values plummet, and that so-called 'gain' can vanish overnight. It's a tax on imagined profits, not real income, ignoring the basic reality that you can't guarantee a profit until you actually sell. Let's stick to taxing what people truly earn, not what we hope they might.
npub1zl…22n8p
2024-08-30 04:07:57
Author Public Key
npub1zlypm2nj0mz4je2zrhxlm3pyvl73h8vg778083k0w2avs6vc7xkqp22n8pPublished at
2024-08-30 04:07:57Event JSON
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"content": "Taxing unrealised capital gains is like paying GST on opportunity cost—you're being charged for something that hasn't actually happened. It assumes everyone can sell assets and realise profits on demand, but markets don't work that way. When everyone tries to cash in at once just to pay their tax bills, values plummet, and that so-called 'gain' can vanish overnight. It's a tax on imagined profits, not real income, ignoring the basic reality that you can't guarantee a profit until you actually sell. Let's stick to taxing what people truly earn, not what we hope they might.\n",
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