Mr touchy feely homespun is pretty much the opposite of aloof.
Keep in mind, one of the reasons people supposedly voted for Trump is they thought Hillary was in bed with Wall Street and the Manhattan "billionaire" wasn't.
link?
You would have to have a pretty much unlimited carry forward and carry back. And what's going to happen the first time there's a massive Market correction that occurs between the end of the year and tax time. Here pay your taxes on an unrealized gain that has disappeared
Lastly, as noted above, capital gains are a more volatile source of income than interest and dividends. In some years, capital losses exceed capital gains. Thus, the treatment of losses under a mark-to-market system can be important. A more generous approach would allow losses to offset any other sources of income in the current year. A more conservative approach would allow unlimited loss carryforwards, meaning that a loss in the current year can be deducted against investment income in any future year but cannot offset noninvestment income in the current year. In an alternative scenario, taxpayers might include only a portion of their gains and losses in income each year, effectively implementing a form of income averaging.
You would have to have a pretty much unlimited carry forward and carry back. And what's going to happen the first time there's a massive Market correction that occurs between the end of the year and tax time. Here pay your taxes on an unrealized gain that has disappeared