But you're still discussing unrealized gains/losses, when I'm suggesting to ignore them. If someone is borrowing millions, hundreds of millions, or even billions against untaxed collateral, then they should be taxed on what they borrow, limited to how much they can borrow, and/or taxed more on what they buy. It's their and the bank's problem if they're borrowing against unrealized gains or losses.
The wealth inequality problem in the U.S. is INSANE. If the U.S. had a population of just 10,000,000, literally 12 people would have as much wealth as the bottom 60%, i.e., 6,000,000 people, combined. And yet, here we are talking about how "impossible" it is to simply tax wealthy people.
These systems were made by humans. They can be fixed. Wealth inequality and taxation of the wealthy are not laws of nature that can't be changed.
The wealth inequality problem in the U.S. is INSANE. If the U.S. had a population of just 10,000,000, literally 12 people would have as much wealth as the bottom 60%, i.e., 6,000,000 people, combined. And yet, here we are talking about how "impossible" it is to simply tax wealthy people.
These systems were made by humans. They can be fixed. Wealth inequality and taxation of the wealthy are not laws of nature that can't be changed.
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