this post was submitted on 19 Mar 2025
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They like to point out that their wealth is "on paper" only and it can't be taxed until it's realized.
I vote we just tax them on paper. Make them give away part of their unrealized investments every year, without selling it. The government can hold onto stocks, etc just as well as any billionaire. They should just seize some percent of their total unrealized wealth every year, full stop.