10/16/1960
https://www.presidency.ucsb.edu...
"If he won the lottery tomorrow and won $10 million and paid his taxes and has $6 million left, he's going to at least consider moving to Florida, because they don't have a state income tax."
"Should someone, should any American have to pay tax on unrealized gain, or can't you just answer me?"
"Okay. So you think if you're really wealthy, you should have to pay a tax on your unrealized gain?"
"Why is that?"