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Then you have to tax stock-based income. Any employee acquiring stocks must report it one time as income and get taxed on it. No capitalism back doors. However

Then you have to tax stock-based income. Any employee acquiring stocks must report it one time as income and get taxed on it. No capitalism back doors. However we figure it out, the wealthy need to pay more into annual tax revenues. A functioning society requires a large and happy middle class, affordable liberal arts college, strong K-12 teaching, and time off.

Ankaios 5y ago
Another option to address the same basic issue is to fix estate taxes, which might be an easier fix. (Among other things, change the cost basis for the estate taxes to be the price when the asset was originally acquired, not the price when it was transferred to the inheritor.) Either way, I agree that it's critical to close the routes to avoiding taxes.