Subject: Re: Biden's billionaire tax rate fact checked
No doubt there is "value" to possessing something that can be converted to cash when you need to buy something. This is just really semantics, so whatever you call it, it revolves around established terminology of realized vs unrealized gains and their relation to taxable income.

This is the crux of the debate, what counts as "income". The democrats see unrealized gains as the next frontier of money they can grab.

Me,. I say go for it. Redefine paper gains as actual gains and while they're at it they can explain why IRA's and 401(k) accounts can now be taxed at their appreciated values, payable now.