> You might argue that this is realm of the "Estate Tax", but that is a different topic. What? Why? This is pretty squarely in the realm of how to taxa transfe

> You might argue that this is realm of the "Estate Tax", but that is a different topic. What? Why? This is pretty squarely in the realm of how to taxa transfer of wealth. The wealth tax is a really ham-fisted way to solve this problem. > It is not difficult to take extremely large "loans" (loans are not taxed) against assets that you own, in order to avoid actually selling the asset. Even if one were to take a collateralized loan, it would need to eventually be repaid, and for this to happen, some gain would have to be realized somewhere. That money isn't free. No matter what, that wealth is eventually taxed.