>I think it makes sense to tax actualized gains at the point of sale. There's tricks you can get around selling by borrowing at very low rates with your stock a

>I think it makes sense to tax actualized gains at the point of sale. There's tricks you can get around selling by borrowing at very low rates with your stock as collateral but that's a separate issue. What would you suggest for stocks that have unrealized gains that are put into a trust for a grandchild (or great-grandchild), circumventing inheritance taxes to some extent, and that are, perhaps, never sold except to rebalance the portfolio? There are any number of (largely legal) 'tricks' for avoiding taxes and maximizing intergenerational wealth accumulation. Leaving unrealized gains untaxed just makes the whole mess worse.