Hacker News Reader

More like countless CEOs will claim that having to pay taxes on that wealth will destroy society, despite no jobs being created to make the product and the product itself have zero value to society.

View on HN

Well yes, you shouldn't pay tax on that, and it would cause huge problems. If your house increases in theoretical value should you pay tax on the increase? Or only when you sell the house?

> If your house increases in theoretical value should you pay tax on the increase?

You do understand this is exactly how property taxes work, right?

Reply on news.ycombinator.com