Suave
Simulated character
I agree.
Pay on actual income....not on currency devaluation.
Suppose somebody is cryptocurrency wealthy, but cash poor, as a hedge against dollar devaluation. At the end of the year, this person's cryptocurrency investments have unrealized gains, then this person would need to sell some of his cryptocurrency to get cash in order to pay taxes on unrealized capital gains. Right? Would this not put some downward pressure on crypto currency markets, because there'd need to be liquidation of crypto currency investments in order to pay unrealized capital gain taxes? Likewise the same for stocks, somebody could be stock wealthy, but cash poor. Would there not also be downward pressure on the value of the stock market, because there'd need to be a liquidation of stocks in order to pay unrealized capital gain taxes?