Is LTR 93% undervaluation possible recipe for a TO?, page-154

I was talking about the proposal of taxing unrealised cspital gains by the Labor party as VMP mentioned in his reply to you.

I don't undersrand it working fairly as i pointed out in my post.

What happens if you bought at $1, like i said and at tax time its worth $2...so you get charged unreal8sed capital gain tax in $1... you pay 30c tax... what if you continue to hold them, then you sell them at $3, I assume you only pay tax on the extra $1 ie the same total capital gain, $2, as you would pay tax on now, except you've had lots of accounting work done on your tax instead of one, the government (ato) has processed 2 lots of tax instead of one. Activity for the sake of it or am I missing something ?