X @Nick Szabo

RT Rock Chartrand🤑 (@RockChartrand)Unrealized gains aren’t income. They’re imaginary values that exist only on paper, not in anyone’s wallet. You can’t tax something that doesn’t exist yet, because no one has earned it, received it, or used it.Taxing unrealized gains means taxing people for wealth they might have someday, even though it could vanish tomorrow. It means punishing success before it’s actually realized, before anything is sold, delivered, or converted into actual income.What you’re demanding is ...