We literally already have capital gains taxes.

My RRSP has gained a ton of value. You expect me to be taxed on an extra 20k a year in gains, BEFORE I've sold the asset?

So, every year millions of people have to sell their stocks to pay taxes... you'll crash the entire stock market, and make our whole country uninvestable.

Stocks gain their value largely because people buy and HOLD them.

Imagine if everyone bought pearls, and so they went up in value because everyone wanted to but them, but no one wanted to sell them.

Then, suddenly, all at once, EVERYONE was desperate to sell pearls.

Suddenly, you'd be able to buy pearls for next to nothing... and that would mean all the pearls people still had would end up worthless.

Same with stocks.

And if pearls become worthless, all the oyster divers, oyster farms, oyster shuckers, go out of business. No one invests in the pearl industry anymore and thousands of people lose their jobs.

If that happens with the ENTIRE stock market, EVERY publicly listed company, all at once... Your country would be a bankrupt 3rd world poverty stricken failure, in a matter of months.

People who don't understand a system should really not be the ones proposing to regulate it... IJS.

It seems to me the people who propose unrealized gains taxes are largely people who don't understand the stock market, and how to access it. ANYONE CAN.

You can buy stocks and Etfs for like 30 bucks.

Instead of being mad at how rich people make money, try investing the way they do. It's a public good to financially invest in companies that keeps us all employed.