Good point… it might have come across like that… but that is for sure not what I meant.

A home is already taxed. An asset portfolio like stock only when realized. Borrowing against it should count as realizing the gains.

Or maybe better yet, we tax the whole portfolio like we do real estate against the value at the measuring point. Cause a portfolio is either something because it is used as collateral and thus taxed… or it’s nothing and cannot be borrowed against without realizing the gains.