[Political Junkie Too]

I think you're saying that an asset holder who is forced to pay a tax on the unrealized appreciation of an asset can borrow against that asset to get the money to pay the tax, but now they are stuck with a liability that has even more payments on the interest of their loan?

So the asset owner is not just deprived of a portion of the asset's value, but they are now committed to a cash outflow for years in the form of interest payments on a loan to pay the tax?

What happens next year when there is another bump in unrealized gains? Does the owner have to take out a second mortgage, or a third mortgage, just to keep up with the taxes on unrealized gains?

Am I understanding your point properly?

-PJ

[Brian Griffin]

“Does the owner have to take out a second mortgage, or a third mortgage, just to keep up with the taxes on unrealized gains?”

There will be crony capitalist companies that will attend to all the details as described in the FINANCIAL AGREEMENT prepared for you.

Simply sign where indicated.

It’s no more complicated than a Home Equity Line of Credit.

The only difference is the equity taken out gets deposited in a US Treasury account rather than an account of yours.