This is me pointing to the headline.

“The rich convinced us that taxing them is too complicated but everyday people can be taxed pretty easily”

Stocks are property. Easy.

Securities would not be considered “real property”.

I’m not interested in what billionaires would consider “real property”.

Stocks are property.

I honest to god used 10% as an idea of “ridiculously low tax”

You live in a country that has 10% property tax rates?

Also? A new realization event should be defined: collateralization. When you take out loans against the value of your stock/bond/whatever holdings, you are realizing gains from those assets - you wouldn’t have gotten the line of credit otherwise.

This is a pure red herring. County property assessors are a thing. We already have systems in place to address this concern.

This is a wealth tax, not an income tax. We don’t currently have a wealth tax to decrease; we would be establishing a new one. I would propose 1% per year.

We don’t need to call it something new. We already have property tax. It’s an average of 1.1% around the United States.

Stocks are property.

Say you are taxed 10% on the value of all the stocks you own, this means you have to sell 10% of your stocks annually, and by selling stocks you make those stocks less valuable for everyone… so technically they should be taxed less because value drops down?

Just a note, suggesting a 10% tax is pure fear mongering that billionaires and capitalists use to scare people. The average property tax rate in the United States is 1.1% so that’s a reasonable percentage to give. People don’t sell 1% of their home every year.

Property taxes are a thing. Stocks are property.