Hi Lonny, hate to say this, but you're confused.
Sure:
1) "Accruing means nothing until the transaction is realized by an exchange of value."
Accruing DOES NOT mean nothing, what it means is massive, tax-free, accumulation of earned income.
2) "Are you asking for double taxation?" Obviously not. Tax wasn't paid in the first place, so what exactly is your point?
3) No question, a wealth tax will be difficult, but that does not mean "it's nearly impossible to implement." What's wrong with you?
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Hi Lonny, hate to say this, but you're confused.
Sure:
1) "Accruing means nothing until the transaction is realized by an exchange of value."
Accruing DOES NOT mean nothing, what it means is massive, tax-free, accumulation of earned income.
2) "Are you asking for double taxation?" Obviously not. Tax wasn't paid in the first place, so what exactly is your point?
3) No question, a wealth tax will be difficult, but that does not mean "it's nearly impossible to implement." What's wrong with you?