> How do you tax wealth on unrealised gains? The US does this in most jurisdictions. Homeowners pay tax on the current assessed value of the property, even if

> How do you tax wealth on unrealised gains? The US does this in most jurisdictions. Homeowners pay tax on the current assessed value of the property, even if that property was purchased when the property was much less valuable. It would not be a stretch to do similar for other assets. In particular, assets held in stocks or bonds are more amenable to fractional sales than are the primary residences that we already tax this way. No, people don't like it. They don't like paying any taxes.