Here’s the headline from a land down under:

An unrealized capital gains tax would tax investors, farmers, ranchers, real estate investors, and seniors on the appreciation of their assets – whether they sell them or not.  It’s closer to confiscation than taxation.

If you’re sitting on an asset that has increased in value by $1 million, where do you get the cash to pay the tax?

It’s a dangerous idea that socialists just love.

We don’t have many readers in Australia – but bad ideas like this sometimes spread across the world like a virus.

Don’t be surprised if Bernie Sanders and Elizabeth Warren start talking up this idea.