I think (and just by emotion and not by evidence) is, the „unrealized gains“ taxation aims on those „Roth IRA“ constructs, which seems to be a kind of an „exploit“ for those knowing to „play the system“. Btw: How much P. Thiel would‘ve payed as taxes from his stake of this constuct?🤔😉
The exploit is that you can use unrealized gains as collateral for loans. And then get the debt of those loans as a tax writeoff, while living well off the loaned cash. My position is: if you can't tax unrealized gains, you can't use it for collateral either. Take the good with the bad.
Totally agreed.