> I think it makes sense to tax actualized gains at the point of sale. There are a lot of loopholes that should be closed. Let's say your parents buy an asset

> I think it makes sense to tax actualized gains at the point of sale. There are a lot of loopholes that should be closed. Let's say your parents buy an asset and you inherit it when they pass away. Logic says that if you eventually sell that asset, the appreciation is the difference between what your parents paid for the asset and what you made from the sale. However, a tax loophole resets the value of the asset to what it was theoretically worth when your parents died, which renders nontaxable the capital gains that occurred during their lifetime. https://fullstackeconomics.com/how-a-key-biden-tax-idea/ https://fullstackeconomics.com/how-a-key-biden-tax-idea/