The insatiable greed of those who want omnipotent government is on display in their advocacy of taxes on unrealized gains. In this AIER article, Duke University professor Michael Munger exposes this new means of confiscating wealth from productive people so government can spend it.
Munger writes:
In a relatively short time, the government literally takes substantial ownership of all successful private businesses. Rather than being a drawback, advocates have actually become excited about government ownership of “the Metaverse,” and giving the Treasury Secretary extremely broad and unilateral discretion about the use of ULTRAs in lieu of cash payments.
We need to defeat this new grab by the takers and, eventually, to stymie them to returning to the Constitution’s limits on federal authority.