> avoiding the obvious argument that capital gains are eventually taxed - the rich are not escaping that. I used to think this too until my wife inherited some

> avoiding the obvious argument that capital gains are eventually taxed - the rich are not escaping that. I used to think this too until my wife inherited some stocks from her grandmother. Turns out the strike price is reset when you inherit and you dodge all of the capital gains tax. This turned out to be a major win for us because her grandmother had acquired the stocks when she worked for AT&T back in the Ma Bell days and had not paid attention to them for 50 years. The paperwork was a complete mess and we had zero idea what the strike price would have been on stock she got as part of her normal income some time in the 50s and had been split up and recombined so many times in the mean time.