this post was submitted on 16 Feb 2026
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A Boring Dystopia
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Tax portfolio loans over a certain amount. That’s pretty much it. Sure, there will need to be some moving parts beyond that, but basically if you treat a loan as an income rather than something like a primary residence purchase in the buyer’s own name, it gets taxed.
I think the 'unrealized assets' should be taxed as 'realized' if they are used as collateral. Yes, it would affect the reverse mortgages and such, or home equity loans, but fuck it, I'd take those relatively small pains against the massive societal gains.
Yes, this. Tax collateral as advance on capital gains and the whole incentive to dodge taxes with loans go away and it remains fair too
You could make exceptions for loans taken to improve the same asset (home improvement loans) but you'd have to pass strict audits to get the exception approved