Why is it so hard to tax billionaires? (Part 2)

1020.418 - 1044.783 PJ Vogt

A stock, anything that gains value, that you then don't sell, we call that gain an unrealized gain. An unrealized gain is any time something you own becomes more valuable, but you hold on to it. My unsold Eric Lindros rookie card that is somewhere in my parents' house is an unrealized gain. In theory, it's worth more money than when I bought it, but I'm not benefiting from that gain right now.