Wrong. That's not how capital gains works. Capital gains is assessed at the sale of the underlying instrument. In your gambling example, if your underlying instrument went to below purchase price, you would owe nothing, or better yet, it would yield s deferrable tax credit.
You must have misunderstood something, renouncing citizenship is a taxable event the same way selling stock is. Thus:
> That’s identical to someone selling a stock then falling to set aside capital gains
You might think the only way to be forced to pay capital gains is on sale, but you’re literally complaining about people being forced to pay capital gains for something else.
