If we can't be taxed on unrealized gains, why the fuck are we being taxed on the new increased valuation of our home without selling it?
THAT'S UNREALIZED GAINS!
The US federal budget is $7 trillion.
There are 535 in the Senate and Congress.
They collectively allocate that money.
Specifically: 7000/535 = 13 billion per official.
Which means AOC is a political billionaire.
She allocates far more than any market billionaire.
Indeed she allocates ten billion liquid, per year.
A market billionaire has one billion, illiquid, per life.
So: AOC spends 10-100X what a market billionaire has.
It's not even close.
She's right about one thing, though.
AOC didn't earn the tens of billions she spends.
The state taxed that money, by force.