Comment by zie
14 hours ago
This would also apply to farmers when they take out a loan on their land, which they are also unlikely to ever realize, probably for longer period of time then Bezos, et al. I imagine most of rural America, once they figure this out would be very unhappy.
This might be the larger problem with this, since we probably, culturally at least, want more family owned farms and less corporate monster farms. This would not help the current trend away from family owned farms.
That said, it's an interesting proposition.
You can make a specific exception for loans taken out against the real assets of a business to fund capital improvements of that business. Rules would be similar to when you can deduct business expenses.