I agree with you on it being hard.

But we can start by not forgiving CG on death. That seems like a no brainer with no downsides.

No downsides I respect, at least. "We want to keep the business in the family" should be ignored.

jonfromsf 2 hours ago | parent | next [-]

100%. I don't understand how anyone defends the "death loophole" for capital gains. If you get rid of it you could actually get rid of estate taxes, which are a kludge to capture some of the capital gains that are given away by resetting the basis at death. It's a nutty system we have right now.

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nfw2 2 hours ago | parent | prev [-]

My question was how do you prevent anyone from having over 100M? No motte and baileys please.

	▲	tensility 2 minutes ago \| parent [-]
		Guillotines are the classic method, and they are likely coming if we don't change course.