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pytester | 6 years ago

>realized capital gains

so, the amount of wealth they convert into yachts, but not the amount of wealth that they actually accrue which is usually many multiples of that...

discuss

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rayiner|6 years ago

Unrealized wealth is just a number on a ledger. To actually do anything with the wealth (not just buying yachts or New York investment properties, but paying for lobbyists or campaign contributions) you have to realize those gains.

pytester|6 years ago

>Unrealized wealth is just a number on a ledger.

Be serious.