As usual, you are right.

But also, I don't think people understand the tax code and that it's really not this simple to just tax an event that hasn't occurred. It's literally against all fundamentals of accounting and logic.

100% over 1 billion. Wealth cap.

I'm more worried about any txn over $600. So only 1oz at a time? Come on

It always starts with the very rich then it comes down to the very poor. Like the income tax does today. Open a history book.

Reconcile how this policy would not cause complete market collapse and, in turn, economical recession. Billionaires will be forced to liquidate large pieces of marketable assets...and we all know this policy will eventually become status quo for everyone down the road.

That will then spread to the poorer classes. Plan to earn $50k next year? We need to pre-tax you on unrealised gains.

Stock sell-offs and a market crash doesn’t sound like a good plan

The amount of money collected from taxing the top 1000 wealthiest people will be spent in a year. The problem is our fiscal policies and devaluation of our currency. Inflation hurts poor and middle class magnitudes more than a tax on the rich will help.

Tax transactions on the stock market... that'll work.