"People already pay unrealized gains taxes, it's called a property tax."
Property taxes should be abolished. Using property taxes to justify more unrealized gains taxes is not going to sway a lot of ...
When you think about property taxes relative to income, it highlights how burdensome they are. Someone earning $100k/yr, owns a $500k house, paying 1.5% annual property tax, pays $7,500/yr, or 7.5% additional tax relative to income!!