Yes that’s my point. Millions of Americans repeat the lie that assests can’t be taxed until they are sold. They fret about the administrative details, logistics, morality of it. Meanwhile it’s happening everyday for most homeowners.

Property can’t be taxed, but any money made from selling property can. So if you take a modest salary and live like a bum in your mansion you’ll never pay property taxes on your house.

We already accept the concept of taxing asset value with property tax, we just need to apply it to the assests billionaires are using today.