{"id":617,"date":"2024-09-13T15:00:00","date_gmt":"2024-09-13T21:00:00","guid":{"rendered":"https:\/\/marginalnonhermit.com\/?p=617"},"modified":"2024-09-11T16:58:34","modified_gmt":"2024-09-11T22:58:34","slug":"the-unrealized-gains-tax-trap","status":"publish","type":"post","link":"https:\/\/marginalnonhermit.com\/?p=617","title":{"rendered":"The Unrealized Gains Tax Trap"},"content":{"rendered":"\n<iframe id=\"odysee-iframe\" style=\"width:100%; aspect-ratio:16 \/ 9;\" src=\"https:\/\/odysee.com\/$\/embed\/@MarginalNonHermit:3\/Unrealized-Gains-Tax-Trap:5?r=8gvoByECHNgc2BfQ5o91oxf89bpi1Ui4\" allowfullscreen><\/iframe>\n\n\n\n<p class=\"\">No extensive notes for this one, I just keep seeing people shilling for this idiotic unrealized gains tax, and I felt compelled to say something.<\/p>\n\n\n\n<p class=\"\">As Bastiat tells us, it&#8217;s not just the <em>immediate<\/em> effects of a policy we should look at, it&#8217;s the longer-term and more subtle effects that we must understand before we implement it.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p class=\"\">The arguments around this seem to mostly be people who failed to follow Bastiat&#8217;s admonition, but I&#8217;m not surprised.<\/p>\n\n\n\n<p class=\"\">The bottom line is that this expansion of tax powers is a <strong>trap<\/strong>.<\/p>\n\n\n\n<p class=\"\">In this video, I talk about just a couple of the unintended consequences of such a policy&#8211;there are more, for sure.<\/p>\n\n\n\n<p class=\"\">For example, this video by FreedomToons seems to sum it up well&#8230;<\/p>\n\n\n\n<iframe loading=\"lazy\" width=\"560\" height=\"115\" src=\"https:\/\/www.youtube.com\/embed\/X6Xe3SGUH6A?si=H37NY5rR3CHVm-ZX\" title=\"YouTube video player\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n\n\n\n<p class=\"\">My video is available on <a href=\"https:\/\/odysee.com\/@MarginalNonHermit:3\/Unrealized-Gains-Tax-Trap:5\">Odysee<\/a>, <a href=\"https:\/\/old.bitchute.com\/video\/h2Odv45ezSMJ\/\">BitChute<\/a>, and <a href=\"https:\/\/www.youtube.com\/watch?v=m1hx3YvvQQM\">YouTube<\/a>.<\/p>\n\n\n\n<p class=\"\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>No extensive notes for this one, I just keep seeing people shilling for this idiotic unrealized gains tax, and I felt compelled to say something. As Bastiat tells us, it&#8217;s not just the immediate effects of a policy we should look at, it&#8217;s the longer-term and more subtle effects that we must understand before we [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":499,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,4,2],"tags":[36,37,19,222,223],"class_list":["post-617","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economics","category-political","category-video-link","tag-bastiat","tag-economics","tag-liberty","tag-taxation","tag-unrealized-gains"],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/marginalnonhermit.com\/wp-content\/uploads\/2023\/12\/dollars.jpg?fit=800%2C529&ssl=1","jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/marginalnonhermit.com\/index.php?rest_route=\/wp\/v2\/posts\/617","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/marginalnonhermit.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/marginalnonhermit.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/marginalnonhermit.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/marginalnonhermit.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=617"}],"version-history":[{"count":1,"href":"https:\/\/marginalnonhermit.com\/index.php?rest_route=\/wp\/v2\/posts\/617\/revisions"}],"predecessor-version":[{"id":618,"href":"https:\/\/marginalnonhermit.com\/index.php?rest_route=\/wp\/v2\/posts\/617\/revisions\/618"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/marginalnonhermit.com\/index.php?rest_route=\/wp\/v2\/media\/499"}],"wp:attachment":[{"href":"https:\/\/marginalnonhermit.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=617"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/marginalnonhermit.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=617"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/marginalnonhermit.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=617"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}