You can't tax rich people on unrealized gains from stocks because "it's not real money until it's sold."
So explain to me why my property taxes keep going up based on the unrealized value of my house?
I didn't sell it, didn't cash out and didn't even make a profit.
But somehow I'm paying taxes on paper gains every single year.
Interesting how "unrealized gains" only become a problem when wealthy folks are involved.
1. I havenโt upgraded my phone in 5 years
2. I have two $11 subscriptions
3. I donโt use ubereats
4. I donโt buy coffee
5. I donโt go on vacation
6. I have a used 2010 car that I bought
7. I donโt go clubbing
8. I donโt buy weed or have a booze habit
9. I cook at home 6/7 days of the week
Still canโt afford a house. Cool, cool.