The Unintended Consequences of Taxing Unrealized Gains

In case you missed it, a $5 trillion tax hike looms over American households and businesses in President Joe Biden’s latest budget proposal, which would include a 25% annual minimum tax on unrealized capital gains for individuals with incomes and assets exceeding $100 million. - Donald Sensing

Spells it out precisely. 

I have long noticed that Democrats do "static analysis," meaning that they think, in this example, that they can start taking 25 percent of these gains and except for that, everything continues on as before with no change.
But as we used to say in my military career while planning operations, "The enemy gets a vote," meaning that they will react to, not just accept, what we do on the battlefield.
So the Dems think the wealthy will simply hand over 25 percent of unrealized gains and do nothing else (forever, I guess). But they won't. They will react, not merely accept.

usfunds.com The Unintended Consequences of Taxing Unrealized Gains