Pragmatic Leftist Theory
The neolibs are too far right. The tankies are doing whatever that is. Where's the space for the people who want fully-automated-luxury-gay-space-communism, but realize that it's gonna take a while and there are lots of steps between now and then? Here. This is that space.
Here, people should endeavor to discuss and devise practical, actionable leftist action. Vote lesser evil while you build grassroots coalitions. Unionize your workplace. Participate in SRAs. Build cohesion your local community. Educate the proletariat.
This is a place for practical people to develop practical plans to implement stable, incremental improvement.
If you're dead-set on drumming up all 18,453 True Leftists® into spontaneous Revolution, go somewhere else. The grown ups are talking.
Rules:
-1. Don't be a dick. Racism, sexism, other assorted bigotries, you know the drill. At least try to default to mutually respectful discussion. We're all on the same side here, unless you aren't, in which case kindly leave.
-2. Don't be a tankie. Yes I'm sure you have an extensive knowledge of century-old theory. There's been a century of history since then. Things didn't shake out as expected, maybe consider the possibility that a different angle of attack might be more effective in light of new data.
-3. Be practical. No one on the left benefits from counterproductive actions. This is a space informed by, not enslaved to, ideology. Promoting actions that are fundamentally untenable in the system in question, because they fulfill a sense of ideological purity, is a bad look. Don't do that.
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It's an absurd notion that you cannot tax unrealized gains. We already do when it comes to property taxes.
It's also probably not out of the question to find a way to tax the super low interest loans that the 1% get as well.
That sounds interesting, how do property taxes work where you are?
A lot of property tax systems require you to pay a percentage of the estimated value of the property every year in tax. Which is exactly the point, unrealised gains being taxed in the case of your property appreciating while you live there.
Wouldn't that bite people when housing prices go up? I mean someone having a 600k house isn't really having access to that money.
Tax the rich though!
Importantly, at least around here, your property gets reappraised (estimated) every few years. It usually doesn't take into account the condition or any upgrades, but it does account for market conditions. If you disagree with their estimate you can get a full appraisal, which will account for those specific changes.
I found this counter argument pretty compelling: the trouble is that investments are extremely mobile, and fairly cheap to obfuscate. Incorporating a big effective business is not. Property is not.
We are already spending billions upon billions spying and monitoring the American people. I'm betting we can turn a bit of that onto tracking investments.
I mean, we already do. It's not all that effective afaik? Preventing foreign ransomware from extracting money from american(-businesse)s via bitcoin is clearly within the state's mandate and incentives, has reliable bipartisan support, and seems like a pretty similar situation. We can't track and protect funds on a public ledger as it stands, and journalists struggle to track PAC political funding. I'm not sure the spy-state is up to it tbh.