Ha, you own 100,000 shares of E-toys. You’re a lousy billionaire. You owe us $30mm!
And then, before the guy can write a check, he’s worth zero.
There are a lot of problems with marking wealth to market. It can be very difficult. How much is that mansion in Greenwich really worth? How much is your “brand” worth (looking at you, DJT)?
It seems the current method of taxing people when they convert these assets to actual dollars is more intelligent. But, what do I know?