I’m running out of adjectives
Rigged you say? Well if it’s rigged it applies to every taxpayer, including everyone saving and investing, everyone with a house, with a 401k plan or IRA or similar plan.
Throwing around “billions” is inflammatory to imply unfairness. Whether it is billions, millions or thousands the same principles apply…you pay taxes on what you actually gain, not on what can disappear the next day.
If you have owned a house for a few years there is a good chance you have unrealized gain and it doesn’t matter if the house value is $300,000 or $3,000,000.
What about unrealized capital losses? Do we get to deduct them from taxes? What about a gain that turns into a loss before being realized?
QUINNSCOMMENTARY 
Al Lindquist
where most people live property taxes are based on assessed value usually less than selling price but more than purchase price–my “unrealized” gain, from $47,500 in ’73 to $1.2 million has been taxed for 50 some years–not part of “cost” basis when selling.
sounds like your quote is from AOC, Crazy Bernie, or Pocahontas.
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