I think it's fair to eliminate the stepped-up basis. At least that makes sense vs the "let's tax unrealized capital gains every year" idea. That makes no sens

I think it's fair to eliminate the stepped-up basis. At least that makes sense vs the "let's tax unrealized capital gains every year" idea. That makes no sense unless they also issue tax credits every year. I'm guessing part of the reason the stepped-up basis rule exists is because people have stocks that have been inherited and the original purchase price is not known. How would they handle that?