[Flick Lives]

...calls by some Democrats for a new tax for unrealized gains on investments

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This would be a disaster. You can bet, if ever implemented, the greedy leftists would apply it to more and more unrealized cap gains.

Imagine the house you’re in, if you purchased it when it was $100K and thru inflation it’s now $1M, and FedGov demands a tax on the house. Year after year. Got a spare $100K lying around? You don’t? Sorry. Government then confiscates the house for payment.

[ken in texas]

I keep waiting for them to call for taxes on "imputed" income.

For example, your house payment was $1,500 a month and you finally paid off your house. The $1,500 you are no longer paying is now considered to be income for you and you'll pay taxes on an extra $18,000 a year.

[ridesthemiles]

Another fly in the ointment:

WHO is deciding how much “IMPUTED VALUE”is assigned to any property???