(10-25-2021, 06:13 PM)jagibelieve Wrote:

(10-25-2021, 05:59 PM)Senor Fantastico Wrote: https://twitter.com/CryptoWhale/status/1...BY5ig&s=19

Don't like.

This kind of thing is not a "tax" it's a wealth grab.  It's unconstitutional and should be shut down immediately.  What is next?  Do democrats want to tax the value of your home?  I bought my property at a very modest price, made improvements to it and built a house.  My unrealized capital gain is probably tripled.  Am I going to be taxed on it because my land has more value even though I never sold it?

The democrat proposed "wealth tax" is exactly that.

Yes, calculated daily with a Minimum Daily Tax of $1 for those days when your value decreases. The MDT will be paid through a smart device app that will monitor your asset value in real time and you'll be required to register all assets with the Department of Unrealized Assets. Although you can pay the tax manually each day it will be easiest for everyone if you just sign up for autopay so they can just EFT your payment each day at 4pm.

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