NEW HAMPSHIRE PROPERTY TAX - TAXING SOMETHING THAT WAS NEVER THERE

This blog can be credited to @Houseofyogi on X.

An unrealized gains tax means the government taxes you on paper increases in value—even if you never sell and never see a dime. So your $50 stock jumps to $500, you don’t sell it, and the government still demands $100; if you can’t pay, you’re forced to sell something you believe in just to cover a tax on money you never actually had. The same logic could hit a paid-off family home, a small business built over decades, or a generational farm—valued higher on paper, taxed as if cash showed up, and potentially sold off just to cover the bill. Meanwhile, if the value crashes the next year, you’re stuck with the loss and no refund. Supporters say it targets billionaires, but critics argue the ultra-wealthy can shield assets while ordinary families get squeezed. At its core, the debate is this: should the government tax theoretical gains you haven’t realized, even if it means forcing people to sell their homes, businesses, or investments to pay a bill on money they never received?