ภ๏รtг๏ภคยt on Nostr: You can't tax rich people on unrealized gains from stocks because "it's not real ...

You can't tax rich people on unrealized gains
from stocks because "it's not real money until
it's sold".

So explain to me why my property taxes keep
going up based on the unrealized value of my
house?

didn't sell it.
didn't cash out.
didn't make a profit.

But somehow I'm paying taxes on paper gains
every single year.