Nordics are not socialist[0]. Socialism is central planning and control, sometimes created out of mass killings[1] [2], and often creating many deaths just from incompetent central mismanagement[2] [3] or grisly bureacratic rules[4].
reply[0] https://www.investors.com/politics/commentary/denmark-tells-...
[1] https://en.wikipedia.org/wiki/Excess_mortality_under_Joseph_...
[2] https://en.wikipedia.org/wiki/Khmer_Rouge
[3] https://historyincharts.com/chinese-death-totals-great-leap-...
What does taxing unrealized gains have to do with "central planning and control"?
replyNothing, hence my point about it being a straw man :^)
replyIf you tax unrealised gains, say Elon Musk's SpaceX shares, all that means in practice is the government takes a certain percentage ownership stake in SpaceX every year until he has nothing left to tax, or he sells it to someone else and pays tax on that sum (but who would buy anything if it's going to be taxed away?)
replyWhat a nonsensical argument. Yes, that's why we're all living in government owned housing, because if you tax something, it inevitably gets taken away, and nobody wants to buy houses, cause the government is just gonna take it away...what?
replyIf your wealth is 100% ownership of Tesla, say, and the government imposes a 5% wealth tax, you have to sell 5% each year of your ownership stake (because the lie of all this is it isn't wealth being taxed, it's ownership) and give it to the government. Until you don't own it any more.
replyAnd if you think "well, it doesn't have to go to the government", who else will take it? Who would buy something that they would have to sell 5% of each year? The government, being the only thing that wouldn't be affected by a wealth tax, would become the de facto buyer.