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Wealth taxes are extremely uncommon worldwide.

• Guvante 10mo ago
  Billionaires have been too and the tax code is one the slowest things to adapt. In tax code sense I am not even sure the effects of buy, borrow, and die have even been settled. EDIT: can't respond but "pay no taxes but at least your kids do" isn't exactly a fix
  • adastra22 10mo ago
    That is a hole we could fix tomorrow by eliminating the step up on death. No need to introduce a new global financial surveillance regime for tracking asset ownership for wealth tax purposes just to fix that.