this post was submitted on 16 Feb 2026
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A Boring Dystopia
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Tax portfolio loans over a certain amount. That’s pretty much it. Sure, there will need to be some moving parts beyond that, but basically if you treat a loan as an income rather than something like a primary residence purchase in the buyer’s own name, it gets taxed.
I think the 'unrealized assets' should be taxed as 'realized' if they are used as collateral. Yes, it would affect the reverse mortgages and such, or home equity loans, but fuck it, I'd take those relatively small pains against the massive societal gains.
Reverse Mortgages are usually predatory anyway, so more scrutiny and regulation isn't a bad thing.
Yes, this. Tax collateral as advance on capital gains and the whole incentive to dodge taxes with loans go away and it remains fair too
You could make exceptions for loans taken to improve the same asset (home improvement loans) but you'd have to pass strict audits to get the exception approved
I don’t know what the financial consequences would be. Taxing unrealized assets would also have to have limits because so many retirement funds and the like are unrealized gains, we don’t want to hurt people’s ability to retire. That’s why putting a tax on trying to sidestep paying capital gains makes more sense. We’re not going to figure out how that all works here today. People won’t sit on unrealized gains, they're going to have to use them in some fashion even if just as collateral, and we need to tax whatever workarounds they use to make those funds work for them.
The rule applies for people with billion dollars of assets.
They divest the assets into holding companies, like they already do, held by LLCs.
Then make it also apply for LLC, or for everyone except (list). I mean every set can be quantified.