U.S. billionaires would pay tax on unrealized gains from their assets to help finance President Joe Biden's emerging social-policy and climate-change legislation, according to a proposal unveiled on Wednesday by the top Senate Democrat for tax policy.
Semi-based, shame it will die somewhere in a committee
You get tax deduction in future I assume. I.e. sell 35% stocks (I’m very optimistic here) to pay taxes, if your wealth craters you get 70 billion deduction for future or whatever the fuck.
With art pieces they can just make them taxable either on reselling or pawning