There's a great video where Larry Summers, Gregory Mankiw and Emmanuel Saez discuss. Would a “Wealth Tax” Help Combat Inequality? A Debate with Saez, Summers, and Mankiw At minute 1:21 theres is a question as to realizing capital gains on a yearly basis and if there is an economical reason for keeping it the way it is ie on realization vs every year. I'll paraphrase a bit
Taxing Capital Gains Yearly
Taxing Capital Gains Yearly
Taxing Capital Gains Yearly
There's a great video where Larry Summers, Gregory Mankiw and Emmanuel Saez discuss. Would a “Wealth Tax” Help Combat Inequality? A Debate with Saez, Summers, and Mankiw At minute 1:21 theres is a question as to realizing capital gains on a yearly basis and if there is an economical reason for keeping it the way it is ie on realization vs every year. I'll paraphrase a bit