> It's a remarkably easy problem to solve. Just tax 1-3% of the net value of your assets based on their value on December 31 of each year. Easily avoided by li

> It's a remarkably easy problem to solve. Just tax 1-3% of the net value of your assets based on their value on December 31 of each year. Easily avoided by liquidating assets on Dec 30 and rebuying on Jan 1 (or Jan 30 to avoid wash sale if needed) It would also have a nasty side effect, there would be many sellers and few buyers on Dec 30, so the market would crash every single year at EoY.