I mean, if we could easily change laws, we wouldn’t need to murder a bunch of rich people, just seize any assets that exceed a certain limit (a wealth cap essentially) and call it a day. No bloodshed. Frankly, I’m not a fan of violence if there is a peaceful path.
So many heirs tho…
What do we do if their heirs just inherit it?
Anakin Skywalker time? 🤔
If we’re waving magic wands around, change the tax laws to limit how much you can inherit.
Changing the step up basis thing is actually pretty low hanging fruit.
https://www.investopedia.com/terms/s/stepupinbasis.asp
https://smartasset.com/investing/buy-borrow-die-how-the-rich-avoid-taxes
I mean, if we could easily change laws, we wouldn’t need to murder a bunch of rich people, just seize any assets that exceed a certain limit (a wealth cap essentially) and call it a day. No bloodshed. Frankly, I’m not a fan of violence if there is a peaceful path.
They’d get generous quickly if we kept the guillotines lubricated