[jfasi]

> America’s billionaires avail themselves of tax-avoidance strategies beyond the reach of ordinary people. Their wealth derives from the skyrocketing value of their assets, like stock and property. Those gains are not defined by U.S. laws as taxable income unless and until the billionaires sell.

So if we're going to tax them in years when their wealth increases, I presume we're also going to issue tax refunds when their wealth decreases?