Right, it doesn't seem too difficult or unreasonable to treat the value of something used as collateral for a loan as an opportunity to establish its realized value from a capital gains perspective.
This could also help resolve the issue with taxing non-liquid asset values (like homes), in that you hit wealth when it is utilized (easy to judge) rather than when it is generated (often difficult to judge).
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Right, it doesn't seem too difficult or unreasonable to treat the value of something used as collateral for a loan as an opportunity to establish its realized value from a capital gains perspective.
This could also help resolve the issue with taxing non-liquid asset values (like homes), in that you hit wealth when it is utilized (easy to judge) rather than when it is generated (often difficult to judge).